The 10 year loan, provided by the Public Employee Retirement System of Idaho, features a 3.8% rate. This transaction was negotiated by Lev Capital VP, Capital Markets Sammy Greenwall based in New York City. Talcott Holdings is an investment company which purchases and manages properties in California, Idaho and the Southeast United States.
According to Greenwall, “The 8th St Marketplace is a historic and well preserved building in the epicenter of Boise, Idaho. The property received a high level of interest from both local and national lenders.” Regarding the lender Greenwall adds, “With that said, PERSI ultimately blew the competition away by offering extremely competitive terms and a smooth closing.”
The two properties, located on 8th Street in Boise, Idaho, are core-plus retail and office assets in a prime downtown Boise location.
404 S 8th Street and 405 S 8th Street Boise (Ada County), Idaho, 83702
3.80%, 10 year term, Full term IO, (no principal payment) until the term ends