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$15M Retail Loan Secured By 130 S Main St In Orange, CA

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FINANCED
$15,000,000

California

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Retail
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FINANCED

$15M Retail Loan Secured By 130 S Main St In Orange, CA

130 S Main St, Orange, CA, 92868

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Retail
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Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Loan

The Galleria L’Orange, a multi-tenant retail center located at 130 S Main St, Orange, CA, 92868, has obtained $15 million in financing. The property spans 3.1 acres and comprises three buildings, offering a total of 40,323 square feet of retail space. Additionally, the retail center features 180 parking spaces. The financing was secured through a non-recourse loan with a 10-year term and 30-year amortization, facilitated by Michael Tanner and Tony Messiah of PSRS. The loan was provided by a correspondent life insurance company. Tenants within the retail center include Starbucks Coffee, Supercuts, U.S. Bank, H&R Block, and T-Mobile.

Summary of transation details:

Michael Tanner and Tony Messiah, representing PSRS, played a crucial role in securing the $15 million financing for the Galleria L’Orange in Orange, California. The correspondent life insurance company provided the capital for the transaction, highlighting the collaborative efforts of the key individuals and entities involved in the deal.

Players

Michael Tanner
6 deals$86M volume(310) 440-2304
BROKER

Tony Messiah
PSRS- Pacific Southwest Realty Services
3 deals$54M volume(310) 440-2301
BROKER

LENDER

Details

FINANCED
IMAGE: 130 S Main St, Orange, CA, 92868 MARKET: Orange ASSET TYPE: Retail BORROWER'S REP: Michael Tanner(PSRS- Pacific Southwest Realty Services), Tony Messiah(PSRS- Pacific Southwest Realty Services) LENDER: Unknown Correspondent life insurance company LOAN AMOUNT: $15,000,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$15,000,000.00

Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00