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24654 North Lake Pleasant P...

Updated Jul 30, 2026

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

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:

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.

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$21,712,000

Retail

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Players

PNC Bank
PNC BankLender

Manny Mendoza

Big V Property Group

Landlord

$94.7M

vol

3 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

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