Citrus Village

$4,750,000 Retail Loan from Life Insurance Company

City: Corona, CA
Loan amount: $4,750,000
Lender type: Life Insurance Company
Property type: Retail
Size: 28,708 SF

Transaction description

Kostas Kavayiotidis and Jacob Lee of PSRS arranged the $4.75 million refinance of a retail center in Corona, California. The subject property is a shadow-anchored strip retail center located in the Corona submarket of Los Angeles and features 15 tenants across 28,708 SF. The property is shadow-anchored by a national grocery chain with a rent roll that included many national tenants, including Chipotle, Subway, and AutoZone. Financed with one of our correspondent life insurance companies, PSRS was able to provide for its borrower a non-recourse loan with a 15-year term and 30-year amortization.



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