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24654 North Lake Pleasant P...

PNC Bank Provides $21,712,000 Refinance Loan To Big V Property Group For Retail Asset
FINANCEDRetail

PNC Bank Provides $21,712,000 Refinance Loan To Big V Property Group For Retail Asset

24654 North Lake Pleasant Parkway

$21,712,000

Building Size

Asset Type

Retail

Closing

Jun 10, 2026

AI

The asset involved in this transaction is a retail property located at 24654 North Lake Pleasant Parkway in Peoria. The loan amount secured for this asset is $21,712,000, with a loan type classified as refinance.

Summary of transaction details:

Key individuals in this transaction include Manny Mendoza, who serves as the Executive Director for Big V Property Group, and Spencer Marin, who holds the position of Asset Manager within the same entity, overseeing the management of the asset involved in this deal.

Players

PNC Bank
PNC BankLender

Manny Mendoza

Big V Property Group

Landlord

$83.7M

vol

2 deals

Landlord
Big V Property Group
Big V Property GroupLandlord

Peoria Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.73%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93