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$5,850,000 Acquisition Financing of an Unanchored Retail Strip Center in El Cajon, California.

City: El Cajon, CA
Loan amount: $5,850,000
Lender type: Credit Union
Property type: Retail
Size: 31,392 RSF

Transaction description

Pasha Johnson of PSRS arranged $5.85MM in acquisition financing for an unanchored retail strip in El Cajon, CA. The subject property is composed of two single-story buildings with the capacity to accommodate 12 tenants across 31,392 rentable square feet. Financed with credit union execution, the interest rate is locked at 3.50% for 10 years with payments based upon a 30-year schedule.



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