Renaissance Square, a retail center located at 2700 Renaissance Square in Fort Worth, Texas, was recently acquired with the help of Marcus & Millichap Capital Corporation (MMCC). The acquisition was made possible through an $8,643,000 acquisition loan. The loan terms included 6 months of interest-only payments and a 30-year amortization schedule.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $8,643,000
• Address: 2700 Renaissance Square, Fort Worth, Texas
• Market: Fort Worth

Philip Levy and Robert Bhat, both from Marcus & Millichap, played a crucial role in securing the financing for this acquisition. With competitive loan terms, such as a 6.75% interest rate, the deal was successfully completed. The loan allowed for 6 months of interest-only payments, providing the buyers enough time to establish the retail center's performance. Additionally, the loan had a 30-year amortization schedule, ensuring long-term affordability.