Mammoth Gateway

$3,700,000 Retail Loan from Life Insurance Company

City: Mammoth Lakes, CA
Loan amount: $3,700,000
Lender type: Life Insurance Company
Property type: Retail
Size: 54,854 RSF

Transaction description

Grady Seldin and Thomas Rudinsky of PSRS arranged the $3.7 million refinance of a strip retail center in Mammoth Lakes, California. The subject property is a Rite-Aid-anchored strip retail center that has 13 retail spaces including a hardware store, pet store, and a plethora of restaurants and cafes. The subject was built in 1973 on a 3.47-acre lot and has 54,854 net rentable square footage. There are approximately 185 parking spaces. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a competitively priced 10-year fixed-rate loan.

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