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:
- Property Type: Retail
- Transaction Amount: $21,712,000
- Lender: PNC Bank
- Landlord: Big V Property Group
- Asset Management: Manny Mendoza, Executive Director - Big V Property Group
- Asset Manager: Spencer Marin, Asset Manager - Big V Property Group
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
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