Financing Available Property tours are available upon request. Please contact Bradley Peterson at 407-745-3910 or bpeterson@hfflp.com or Whitaker Leonhardt at 407-745-3916 or wleonhardt@hfflp.com. HFF, as exclusive broker, is pleased to offer the exceptional opportunity to acquire Crestview Corners, a 116,983 SF market-dominant community center anchored by Big Lots, Bealls Outlet, and Ashley Furniture in Crestview, Florida. Located 17 miles from Eglin Air Force Base, the largest air force base in the world with 72,000 jobs worth $835 million in salaries and close to $3 billion in defense spending, the population within 10 miles of Crestview Corners is projected to surge by an astounding 9.5% over the next five years, outpacing both state and national averages. Boasting traffic counts of 41,000 vehicles per day on South Ferdon Blvd (SR-85), the Property is the only multi-anchored shopping center in a 10+ mile trade area with the nearest comparable retail concentration located 22 miles south in Destin and 38 miles west in Pensacola. National tenants account for more than 90% of the GLA at the Property and with low rent levels, tenants boast very favorable occupancy costs and renew with frequency. ***************Long-term CMBS fixed rate financing is available from Starwood Mortgage Capital (SMC) for the acquisition of this property. Starwood Mortgage Capital is a direct lender and is a wholly owned subsidiary of Starwood Property Trust, Inc. and LNR Property LLC. CMBS Long-Term Fixed Rate Loan -Up to $6,600,000 -10-year loan term -36-month I/O followed by 30-year amortization -Highly competitive interest rates; call for current rate quotes -No origination fee -Non-recourse, except for standard CMBS non-recourse carve-outs -SMC will issue pre-qualification letters subject to review of Bidder qualification forms (refer to the SMC Financing Qualification Instructions in the Due Diligence tab). Ten-X will count an SMC pre-qualification letter towards a Bidder’s proof of funds when registering to bid for this auction. For more information and to qualify, please refer to the term sheet and complete the forms found in the “SMC Financing Info” folder located in the Due Diligence Documents tab. For additional details, please contact: Steve DeRose (305) 695-5845 sderose@starwood.com No agreement (whether written, oral or otherwise) that may be reached during negotiations with respect to financing the Property, nor any course of dealing between the parties, shall constitute a commitment by SMC to lend or otherwise be binding upon the parties unless final binding loan documents have been executed, delivered and accepted by all parties (in which case such agreements shall be binding only to the extent the Loan actually closes). SMC is under no obligation to fund the Loan.
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