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

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:

• Property Type: Retail
• Transaction Amount: $15,000,000.00
• Address: 130 S Main St, Orange, CA, 92868
• Market: Orange
• Borrower's Reps: Michael Tanner(PSRS- Pacific Southwest Realty Services), Tony Messiah(PSRS- Pacific Southwest Realty Services)
• Lender: Unknown Correspondent life insurance company

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.