Dec 9, 2020 – N3 Real Estate is proud to announce the renewal and extension of all property debt despite the Covid-19 pandemic. Economic uncertainty during this time has affected lending for many commercial real estate projects, but N3 Real Estate’s history with lenders enabled us to renew approximately $140 million of debt on all our properties. KeyBank and BBVA are the co-lead agents on our credit facility, with additional key participants Comerica Bank and MidFirst Bank. Southside Bank and American National Bank of Texas provide the majority of N3’s construction loans.
“N3 is very fortunate to have a bank group that is strong, stable and has extensive expertise in retail real estate. We thank each of our banks for their support and partnership during the pandemic and in the various market cycles over the years.”
-Brenna Wadleigh, CEO N3 Real Estate
N3 Real Estate is a national retail property owner and developer based out of the Dallas-Fort Worth metroplex. N3 has acquired and developed single and multi-tenant commercial projects and shopping centers for national, regional and local retailers and restaurants across the United States. Today, N3 owns and manages retail projects for its investors at a value of more than $300 million.
Contact: Brenna Wadleigh, CEO