Shawbrook Capital Provides $10,000,000 Refinance Loan For Retail Asset In Bellflower

The asset involved in this transaction is a retail property located in the markets of Bellflower, Chatsworth, and Burbank, comprising a total square footage of 55,985. The loan amount secured for this property was $10,000,000 through refinancing at an interest rate of 9.25% with a one-time fee of 1% and no appraisal needed for the closing process.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,000,000
• Lender: Shawbrook Capital Inc
• Lender's Representatives: Tim Moaeed, Daniel Zand & Matthew Roton - Shawbrook Capital
• Loan Type: Refinance
• Loan Terms: 9.25%, 1 Point, No Appraisal Needed
• Loan Secured Timeline: 7 to 10 business days

The transaction was facilitated by the lender's representatives Tim Moaeed, Daniel Zand, and Matthew Roton, who played a crucial role in expediting the financing process. The client approached Shawbrook Capital seeking to leverage multiple free and clear properties for new investment opportunities, opting for a quicker solution due to time constraints that made traditional financing unfeasible.