Talonvest Capital Arranges $41.4M Construction Loan For San Gabriel Mixed-use Property

A mixed-use property located at 420 South San Gabriel Blvd. in San Gabriel has recently closed in a transaction. The property spans approximately 133,775 square feet, making it an attractive asset in the market.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $41,350,000
• Market: San Gabriel
• Address: 420 South San Gabriel Blvd.
• BROKERS: Jim Davies, Tom Sherlock, Erich Pryor, David DiRienzo & Thalia Tovar - Talonvest Capital

Talonvest Capital represented the parties involved in this transaction. Jim Davies, Tom Sherlock, Erich Pryor, David DiRienzo, and Thalia Tovar, all from Talonvest Capital, played key roles as representatives on behalf of their clients.

The loan for this deal amounted to $41,350,000 and was of the construction type. It includes non-recourse financing and a loan-to-cost ratio of 75%. The terms of the loan consist of a 3-year term with an option for a 1-year extension.