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City National Bank Provides $36.15M Refinance Loan For Retail Property In Las Vegas

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FINANCED
$36,150,000

Nevada

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Retail352,000 SF
Financed 08/10/2022
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FINANCED

City National Bank Provides $36.15M Refinance Loan For Retail Property In Las Vegas

3189 North Rainbow Boulevard, Las Vegas, Nevada 89108, United States

See Similar Deals
Retail352,000 SF
Financed 08/10/2022
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Summary

NEVADA
Asset Type:Retail
Price Per Square Foot:$102
Total Square Footage:352,000 SF
Transaction Type:Loan

The retail property located at 3001-3189 N Rainbow Blvd in Las Vegas, NV has recently undergone a loan refinancing transaction. The property spans over 352,000 square feet and sits on 35 acres.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $36,150,000
  • Address: 3001-3189 N Rainbow Blvd, Las Vegas, NV
  • Market: Las Vegas, NV
  • Asset Type: Retail
  • Square Footage: 352,000
  • Acres: 35

The loan for this transaction was provided by City National Bank. The landlord of the property is PEBB Enterprises, represented by Ian Weiner.

Players

BROKERAGE


23 deals$392.6M volume
LANDLORD

Details

FINANCED
IMAGE: Ian Weiner DATE: 08/10/2022 ADDRESS: 3001-3189 N Rainbow Blvd MARKET: Las Vegas, NV ASSET TYPE: Retail ~ SF: 352,000 ~ ACRES: 35 LENDER: City National Bank LANDLORD: PEBB Enterprises - Ian Weiner LOAN AMOUNT: $36,150,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$36,150,000.00

Monthly NOI$241,000.00
Monthly Debt Service$228,492.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00