Led by president and founder Joel Gorjian, commercial real estate financial advisory and mortgage origination firm Uber Capital Group, LLC has sourced a $15 million, five-year term permanent acquisition loan for the $21 million purchase of The Shops at Fallen Timbers in Maumee, Ohio.
The client was a private national commercial real estate investment group, which purchased the property from GGP, Inc. Uber sourced the financing from a regional bank based in Ohio.
This transaction brings Uber’s total transactional value of recently arranged commercial real estate loans to more than $100 million. National real estate investor Gorjian established Uber in late 2016. The company is based in Great Neck, New York, and operates nationally, with its main focus on the Midwest, Northeast, Southeast, and Southwest markets.
Built in 2007, The Shops at Fallen Timbers is an upscale 1-million-square foot open-air retail lifestyle center located on a 110-acre site at 3100 Main St. in Maumee, a suburb of Toledo. The center has about 60 tenants, including anchors JCPenney, Dillard’s, Barnes & Noble, and Rave Cinemas Fallen Timbers multiplex movie theater.
