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Slatt Capital Secures $10.2M Loan For Development Site The Standard In Pasadena

Property Image
FINANCED
$10,200,000
Gary Goss
Bret Piekaar

California

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Development Site
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FINANCED

Slatt Capital Secures $10.2M Loan For Development Site The Standard In Pasadena

Development Site
Financed
Gary Goss
Bret Piekaar
the dealplayerscompscontact
Contact now

Summary

Asset Type:Development Site
Transaction Type:Loan

The Standard is a development site located in Pasadena, featuring a total built square footage of 27,389. The asset was originally constructed in 1905 and is positioned for repositioning strategies through financial backing.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $10,200,000
  • Loan Terms: five-year
  • Market: Pasadena
  • Asset Size: 27,389 square feet

The transaction was facilitated by Slatt Capital, with Gary Goss leading the arrangement for a $10.2 million life company refinancing. Bret Piekaar contributed as co-producer, supporting the financing efforts for the asset's strategic repositioning.

Players

Gary Goss
Slatt Capital
Gary Goss
1 deal$10.2M volume(858) 257-2103
BROKER
Bret Piekaar
Slatt Capital
Bret Piekaar
1 deal$10.2M volume
BROKER

Details

FINANCED
IMAGE: Gary Goss & Bret Piekaar DATE: 03/06/2026 ADDRESS: The Standard MARKET: Pasadena ASSET TYPE: Development Site ~ BSF: 27,389 BROKERS: Gary Goss & Bret Piekaar - Slatt Capital (@Slatt_Capital) LOAN AMOUNT: $10,200,000 LOAN TERMS: five-year NOTE: Slatt Capital arranged a $10.2M life company refinancing for The Standard, a 27,389-square-foot mixed-use property built in 1905 in Pasadena, led by Gary Goss. The five-year loan supports the asset’s repositioning strategy, with Bret Piekaar serving as co-producer on the transaction.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$10,200,000.00

Monthly NOI$68,000.00
Monthly Debt Service$64,470.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00