Led by President Joel J. Gorjian, National Financial Advisory and Commercial Mortgage Origination Firm Uber Capital Group Provides $33 Million Acquisition Refinancing Loan for the Acadiana Mall in Lafayette, Louisiana

 

07/27/2019


Joel J. Gorjian, President and Founder of Uber Capital Group, has sourced in excess of $300 million worth of commercial real estate loans since 2017.

Joel J. Gorjian, president and founder of the commercial real estate financial advisory and mortgage origination firm Uber Capital Group, LLC, has sourced a $33 million debt refinancing of the acquisition loan for the purchase of the Acadiana Mall in Lafayette, Louisiana.
Photo courtesy of Gorjian Acquisitions



Lafayette, Louisiana––Led by president and founder Joel J. Gorjian, commercial real estate financial advisory and mortgage origination firm Uber Capital Group, LLC has sourced a $33 million acquisition financing loan for the purchase of the Acadiana Mall. The client was a private national commercial real estate investment group based in New York.
 
National real estate investor Gorjian established Uber in late 2016. The company is based in Great Neck, New York and operates nationally. Since 2017, Uber has arranged in excess of $300 million worth of commercial real estate financing nationwide.
 
“We obtained the loan for the Acadiana Mall acquisition financing at a 15-year fixed rate of 5.4%, with a 70% LTV, 15-year amortization, and a partial recourse” said Gorjian.
 
The 1,557,328-square foot super regional mall is located on a 69,992-acre property at 5725 Johnston Street in Lafayette, the fourth-largest city in the state, with a population of 128,000. The Lafayette Metropolitan Area has a population of approximately 500,000. The city is named for general Marquis de Lafayette.
 
The Acadiana Mall’s anchor tenants are Macy's, Dillard's and JCPenney. The property offers a strong lineup of nearly 100 retail stores, dining options, and entertainment and service outlets, including Aeropostale, Victoria’s Secret, Forever 21, The Children’s Place, Zumiez, Kay Jewelers, Jimmy Jazz, Men’s Warehouse, and Chick-fil-A, Thai Max, and T-65 Café restaurants.
 
Uber assists property investors in planning, negotiating, and sourcing debt and equity financing. Aspart of its consulting services, Uber sources acquisition, permanent, and interim financing; construction financing; debt recapitalization; lender financing; and note financing for all types of commercial properties, including single-tenant retail, neighborhood shopping centers, regional malls, mixed-use, office, medical, multi-family residential, warehouse, and industrial facilities.
 
Uber’s lending advisory projects showcase the advantage the firm offers due to its relationships with a network of financial institutions throughout the U.S., including in Louisiana, Washington, Utah, the Carolinas, Ohio, Indiana, Iowa, Michigan, Illinois, Massachusetts, and New York.
 
In addition to the Acadiana Mall deal, Uber’s recent transactions include the 9.2 million acquisition loan refinancing for the Wenatchee Valley Mall in East Wenatchee, Washington; the $24 million acquisition loan refinancing for the Logan Valley Mall in Altoona, Pennsylvania; the $11 million acquisition loan for the Cache Valley Mall in Logan, Utah; the $7 million acquisition loan for the Conestoga Mall in Grand Island, NE; the $14 million acquisition loan for The Shops At Ithaca Mall in Ithaca, NY; the refinancing of the Alameda Shopping Center in Tulsa, OK; the $2 million acquisition loan for the Ridgeland Mall in Ridgeland, Mississippi; the $15 million acquisition loan for The Shops at Fallen Timbers in Maumee, Ohio; the permanent financing for the Landings Shopping Center in Lansing, IL; and permanent and mezzanine loans for several other retail and mixed-use properties in Ohio, Iowa, and North Carolina. Uber also sourced a $380,000 bridge loan for a mixed-use property in Nassau County on Long Island in New York.
 
Uber Capital Group is headquartered at 60 Cutter Mill Road in Great Neck, NY. Joel Gorjian may be reached at either 516.508.3636 or joel@ubercapgroup.com. Additional information on the company may be obtained at www.ubercapgroup.com


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