Tag: Pangea

 Pangea Mortgage Capital (PMC), a nationwide commercial lender headquartered in Chicago, Illinois, closed a $16.4 million loan for the acquisition and repositioning of a three-asset hotel portfolio located in Lincoln City and Medford, Oregon. At the start of the second quarter of 2021, an Oregon-based real estate investor sought an acquisition loan for a three-asset hotel portfolio. The business plan included master-leasing the properties to a government agency and eventually converting the properties to multifamily housing. The sponsor engaged PMC because he needed certainty of execution and to fund the transaction quickly – as soon as the loan closed, the ... Read more

 Pangea Mortgage Capital (“PMC”), a nationwide commercial lender headquartered in Chicago, Illinois, closed an $8.5 million loan for the acquisition and repositioning of a retail community center located in suburban Cleveland. In the second quarter of 2021, PMC worked with an experienced, national retail owner-operator to provide acquisition financing for the 182,000 sq. ft. subject property. With PMC’s loan, the Borrower will be able to execute on their business plan to re-stabilize the center with new tenants that complement the existing lessees, thus unlocking the full value potential of the site. PMC’s team worked hand in hand with the Borrower’s ... Read more