Mark Bolour, DaJuan Bennett & Jason Huang Provide $21.9M Refinance Loan For 8408 Garvey Avenue

This mixed-use asset located at 8408 Garvey Avenue in Rosemead comprises 66,050 square feet and features 46 units. The transaction involved a refinance loan, amounting to $21,900,000, with loan terms set for 12 months plus a 6-month extension.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $21,900,000
• Loan Type: Refinance
• Loan Terms: 12 months + 6 month extension
• Lender: Mark Bolour, DaJuan Bennett & Jason Huang - BOLOUR; BA Debt Fund
• Brokers: Edward Choi & Lyle Johnson - Amherst Capital Management

BOLOUR took the initiative to provide a senior refinance loan recognizing the asset's durable cash flow and strong tenancy, addressing several sponsor-level challenges. Their approach enabled the Southern California owner-operator to retire bank debt while maintaining a fully stabilized asset amidst temporary liquidity challenges.