Hacienda Valley

$5,000,000 Retail Loan from Life Insurance Company

City: City of Industry, CA
Loan amount: $5,000,000
Lender type: Life Insurance Company
Property type: Retail
Size: 27,461 SF

Transaction description

Kostas Kavayiotidis and Matthew Farzinpour of PSRS arranged the $5 million refinance of a retail strip center in the City of Industry, California. The subject collateral is a part of the Hacienda Valley Shopping Center and is shadow-anchored by Superior Grocers supermarket. The subject collateral is occupied by Denny’s, See’s Candy, Chipotle, Subway, and Wells Fargo, among other tenants. The total square footage of the site is 27,461 SF on 2.70 acres. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a 10-year loan with a 25-year amortization.

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