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Passco arranges $25.8 million to refinance Silver City Plaza


Las Vegas -- Irvine, Calif.-based Passco Cos., said it has negotiated a $25.8 million loan to refinance Silver City Plaza, a 41,583-sq.-ft. neighborhood shopping center in Las Vegas.

The new loan was arranged with Cantor Commercial Real Estate, an affiliate of Cantor Fitzgerald, and was uniquely structured to accommodate a challenged market.

The center, which is situated on 1.92 acres and anchored by Ross Dress for Less and Walgreens, is less than one block from the new $2.4 billion Wynn Las Vegas and Encore Resort and less than a mile from the Fashion Show Mall and Las Vegas Convention Center.

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