Gary, IN

SF Capital Closes $4.5 Million Refinance for Miller Beach Terrace in Gary, Indiana

SF Capital’s Matt Shane and Tony Talerico recently co-brokered a $4.5 million refinance for Miller Beach Terrace, a 47,158-square-foot special-purpose property located in Gary, Indiana.

The financing was secured through a Life Company lender and structured with a 2-year, interest-only term, providing the borrower with additional flexibility while supporting their plans for the property.

Special-purpose properties can present unique considerations when seeking financing. Property use, operating performance, borrower objectives, and lender requirements can all influence the available financing options. Identifying a lender that understands the asset and is comfortable with the transaction is an important part of reaching a successful execution.

By leveraging SF Capital’s lender relationships and experience across a wide range of commercial real estate transactions, Matt and Tony were able to identify a financing structure aligned with the borrower’s objectives and bring the transaction to a successful close.

The Miller Beach Terrace refinance is another example of SF Capital’s approach to finding financing solutions for properties that may not fit a traditional lending profile. From conventional commercial properties to more specialized assets, SF Capital works with borrowers to evaluate their options and connect each opportunity with the appropriate capital source.

Transaction Highlights

Loan Amount: $4,500,000
Property: Miller Beach Terrace
Location: Gary, Indiana
Property Size: 47,158 SF
Property Type: Special Purpose
Loan Type: Refinance
Lender: Life Company
Loan Structure: Interest Only
Loan Term: 2 Years
Financing Arranged By: Matt Shane and Tony Talerico, SF Capital