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
About this deal
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.
On the Map
$21,712,000
Retail
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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