Dekel Capital Arranges $116MM CMBS Financing to Recapitalize Moonwater Capital’s Office Portfolio in Las Vegas

A six-building, 611.2k sf office portfolio in Las Vegas was recapitalized in a $116 mil, long-term financing transaction. The financing was arranged by Dekel Capital on behalf of Moonwater Capital and its equity partners.

The portfolio is concentrated in the southwestern Las Vegas market and is 97% leased, with the majority to large national tenants with strong credit and balance sheets. The financing, provided by Citi Real Estate Funding Inc and Barclays Capital Real Estate Inc, is secured by the following assets: