Updated Oct 29, 2024
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
San Pedro Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
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