Courtyard Shopping Center

$15M Retail Loan from Life Insurance Company

Life Insurance Company
85,358 SF
$15M, Grocery‐anchored shopping, with rentable space in 5 buildings.
Pleasant Hill, CA

This anchored shopping center was developed in 1993 by a Texas developer who sold it to the borrower upon completion.

The center is anchored by three “anchor” retailers, namely SMART & FINAL, STAPLES, and RITE AID; two of which have been there more than 10 years.

Our life correspondent came through with a 25/30 with 5 years Interest Only. Interest rate locked at 4.40%.

 

 

TRANSACTION ADVISORS

Seth Ludwick

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