3650 REIT, a leading commercial real estate lender operating nationwide, has recently provided a $71.5-million acquisition loan for Creekside Town Center in Roseville, California. This retail development boasts an impressive 95.6% occupancy rate and was acquired by Cane Companies Management with the assistance of Palmer Capital, Inc.
According to Justin Kennedy, co-founder and managing partner at 3650 REIT: “In today’s challenging commercial real estate market, it is crucial to thoroughly assess each asset individually in order to determine its long-term potential.” He went on to express confidence in the success of Creekside Town Center due to its consistently high occupancy rate since 2010.
Kennedy also commended Cane Companies’ expertise and vision for the property as well as their commitment towards its long-term growth. The post concludes by stating that this news was originally published on Connect CRE’s website.
