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

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.