Chesterfield Square

$17,000,000 Retail Loan from Life Insurance Company

City: Los Angeles, CA
Loan amount: $17,000,000
Lender type: Life Insurance Company
Property type: Retail
Size: 113,278 SF

Transaction description

Kostas Kavayiotidis, Mike Davis, and Matthew Farzinpour of PSRS arranged the $17 million refinancing of a retail center in Los Angeles, California. The subject property is a 22.61-acre power center with 113,278 leasable square feet. The center is anchored by a Food 4 Less grocer, and a Home Depot (N.A.P.). Other notable tenants include Walgreens, Starbucks, Jamba Juice, IHOP, Mcdonald’s, Pollo Campero, Panda Express, Subway, GameStop, H&R Block, and Baskin Robins. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a non-recourse loan, with a 10-year interest-only term.

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