LBX Investments Completes East West Loan
LOS ANGELES, CA, February 12, 2021 – LBX Investments has provided a $6.75 million first lien mortgage, secured by an 85,565 SF neighborhood shopping center in suburban Atlanta. The interest-only note has a two-year term with a one-year extension option. This note provides time-sensitive liquidity to an experienced shopping center owner. The loan represents LBX’s first foray into the “rescue capital” space and demonstrates the firm’s ability to provide expedited capital solutions to high quality commercial real estate owners experiencing liquidity constraints. Robert Levy, LBX Managing Partner, said, “Providing this type of capital allows us to leverage our best in class operating infrastructure at LBX at the same time providing our investors with compelling risk adjusted return opportunities. We are very excited about this transaction and look forward to further expanding into this investment category.”
Aztec Group, a one of Florida’s leading commercial real estate firms, represented the owner on the transaction. Brell Tarich, Director at Aztec Group, said, “In spite of Covid-19, the experience of the sponsor and strong local market fundamentals enabled us to solicit numerous attractive loan options. The Sponsor selected LBX Investments as its lender because of their deep institutional retail knowledge that enabled LBX to provide the most attractive terms and close in less than 30 days.”
About LBX Investments
LBX Investments (LBX) is a real estate investment company that seeks to identify and invest opportunistically in mis-priced assets. We were founded by a team of experienced institutional real estate professionals and focus on acquiring or financing high-quality real estate in premier locations in markets that are experiencing above-average population, income and job growth. Since mid-2016, LBX managing partners Rob Levy and Phil Block have overseen 18 acquisitions and one senior loan comprising approximately $240 million in asset value.
About Aztec Group
Aztec Group was established in 1981 to serve the real estate industry as a source of capital and transactional expertise for investors, developers, managers, and entrepreneurial clients. Aztec has executed transactions spanning across the continental United States and various real estate product types including multifamily, retail, hospitality, office, industrial, self-storage, condominiums, for-sale residential, and land. As one of Florida’s leading commercial real estate firms, Aztec is focused on commercial real estate investment and merchant banking. Aztec’s diverse experience and uncommon market knowledge is unique in the industry and provides clients and capital sources with best-in-class execution. The Aztec team’s unique skill set and innovative approach are critical in the structuring and negotiation of the entire capital stack, ranging from equity to preferred equity to bridge, mezzanine and construction financing, as well as permanent loans.
For more information, contact:
Heath M. Binder
Senior Vice President
Investor Relations
LBX Investments
(e) heath@lbxinvestments.com
(c) 646-824-9394