CBRE Secures $37M Loan For Mission Grove Plaza In Riverside

CBRE has secured a $37 million financing for Mission Grove Plaza, a 248,135-square-foot retail property located at 121-383 East Alessandro Boulevard in Riverside. The loan, which was obtained on behalf of Regional Properties, is a refinance type with fixed-rate terms. It has a five-year term and offers a full-term interest-only payment structure.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $37,000,000
• Address: 121-383 East Alessandro Boulevard
• Market: Riverside
• Landlord: Regional Properties
• BROKERS: Shaun Moothart, Bruce Francis, Doug Birrell & Bob Ybarra - CBRE
• Loan Type: Refinance
• Loan Terms: fixed-rate, five-year term, full-term interest-only loan

Shaun Moothart, Bruce Francis, Doug Birrell, and Bob Ybarra from CBRE were the brokers responsible for securing the loan. This financing adds to the $90 million previously secured by CBRE for Regional Properties, demonstrating their ability to navigate challenging market conditions.