CBRE Arranges $57.6M Refinance Loan For NTC Shops LLC's Mixed-Use Property In Napa

First Street Napa is a Class A mixed-use property located at 1300 1st Street in downtown Napa, with a total asset size of 162,000 square feet. This property is currently 90% leased and has secured a refinancing loan amounting to $57,600,000.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $57,600,000
• Loan Type: Refinance
• Loan Terms: Five-year, nonrecourse
• Market: Napa
• Landlord: NTC Shops LLC
• Brokers: Brad Zampa & Mike Walker - CBRE

CBRE arranged the refinancing for NTC Shops LLC, with the loan being provided by an East Coast–based debt fund. The transaction highlights the involvement of brokers Brad Zampa and Mike Walker, who represented the landlord in this financing arrangement.