2 Property Retail Portfolio

Long Beach & Moreno Valley, CA

SALIENT DEAL POINTS

  • Two retail centers crossed collateralized with maturing hard money loan
  • Sponsor seeking financing to uncross the properties and provide capital to address environmental concerns on one property.
  • Refinanced into 1 conventional and    1 hard money reducing debt service thus providing lower cost of capital & much needed liquidity.
  • Tenant base was composed of 85% mom and pop businesses.

CAPITALIZATION HIGHLIGHTS

Loan #1 

  • $3.75MM
  • 2 Years / IO
  • Environmental Reserve provided
  • Funding Source: Private Lender

Loan #2

  • $3MM
  • 10/30
  • No reserves
  • Funding Source: Local Bank