Henderson, Nev. — The 16,000-square-foot freestanding Goodwill of Southern Nevada store will be situated across the street from the Nevada DMV and a Walmart Neighborhood Market-anchored shopping center.
Envoy Net Lease Partners LLC has closed a $4.5 million loan for a new Goodwill of Southern Nevada store, the first to be funded under a multi-property construction facility. The first project, a 16,000-square-foot freestanding retail store in Henderson, Nevada, will be situated across the street from the Nevada DMV and a Walmart Neighborhood Market anchored-shopping center. Envoy worked in tandem with its senior bank partner to provide the subordinated “B-piece” financing that allowed the developer borrower, Brentwood Capital Partners, to fund the construction of the Henderson store. The transaction is the first multi-property construction loan facility Envoy has executed. It marks the fifth transaction for the company overall in 2014.