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April Retailer Ratings
May 20th, 2016
Highlights of the Largest U.S. Retailers:
1. Wal-Mart - Bentonville, AR
2. Kroger - Cincinnati, OH
3. Costco - Issaquah, WA
4. The Home Depot - Atlanta, GA
5. Walgreen Boots Alliance - Deerfield, Ill.
Class A Cleveland CBD Multi-Family Complex Financed by Pinnacle
December 7th, 2015
September 1, 2015– Pinnacle Financial Group is pleased to announce that it recently completed the financing of a 59 unit Class A multi-family property in downtown Cleveland. Originally constructed as for sale condominiums the borrower acquired 59 of the 62 units residential at the property and converted to residential rental units and began renting units in late 2013. There remain three individually owned residential units and two first floor retail condominium units at the property.
Notwithstanding the fractured condo nature and the short term stabilized financial history of the property, Pinnacle was able to arrange a $10.6 million ($179,661/unit), 10 year, fixed rate, non-recourse financing for the property with one of our relationship lenders.