Courtyard Shopping Center
$15M Retail Loan from Life Insurance Company
City: Pleasant Hill, CA
Loan amount: $15M, Grocery‐anchored shopping, with rentable space in 5 buildings.
Lender type: Life Insurance Company
Property type: Retail
Size: 85,358 SF
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%.