facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Retail

/

Loan

/

1200 Nagoya Way

Updated Oct 29, 2024

Ratkovich Company Secures $90M Construction Loan For Retail Property In San Pedro, CA
FINANCEDRetail

Ratkovich Company Secures $90M Construction Loan For Retail Property In San Pedro, CA

1200 Nagoya Way

$90,000,000

Building Size

Asset Type

Retail

Closing

Nov 14, 2022

About this deal

AI

The retail property located at 1200 Nagoya Way in San Pedro, CA has recently secured a $90,000,000 construction loan. The asset, spanning 42 acres, is owned by The Ratkovich Company and Jerico Development, with Brian Saenger representing The Ratkovich Company as the landlord. The loan has been granted by Petros PACE Finance and Parkview Financial, two prominent lenders in the industry. Rachael Sery from JLL has been the broker responsible for this transaction.

Summary of transaction details

  • Property Type: Retail
  • Date: 11/14/2022
  • Address: 1200 Nagoya Way, San Pedro, CA
  • Market: San Pedro, CA
  • Asset Type: Retail
  • Acres: 42
  • Lender: Petros PACE Finance & Parkview Financial
  • Landlord: The Ratkovich Company - Brian Saenger; Jerico Development
  • Broker: Rachael Sery - JLL
  • Loan Amount: $90,000,000
  • Loan Type: Construction Loan

The Ratkovich Company and Jerico Development received a construction loan of $90,000,000 for their retail property located at 1200 Nagoya Way in San Pedro, CA. The loan was granted by Petros PACE Finance and Parkview Financial, two reputable lenders in the industry. Representing The Ratkovich Company, Brian Saenger played a pivotal role as the landlord in this transaction. Rachael Sery, a broker from JLL, acted as the representative for all parties involved.

Players

Rachael Sery

JLL

Broker

$90M

vol

1 deal

Broker
TC
The Ratkovich CompanyLandlord

San Pedro Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

Deal FAQ

Visit JLL to view all their deals.

Browse San Pedro retail loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets