A permanent loan of $53 million was secured by Tabani Group from Frost Bank to refinance and reposition Bristol Marketplace, a 107,687-square-foot retail center located at 1311 West 17th Street in Santa Ana, California. The asset spans 5 acres and previously included an $11.9 million acquisition loan obtained in 2023. The retail center includes tenants such as Food 4 Less, Goodwill, Domino’s Pizza, and The UPS Store.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $53,000,000
• Address: 1311 West 17th Street
• Market: Santa Ana
• Asset Size: 107,687 square feet
• Acres: 5
• Lender: Frost Bank
• Landlord: Zaffar Tabani - Tabani Group

The deal involved Zaffar Tabani representing the Tabani Group in the transaction. The financing is intended to fund the redevelopment of a previously vacant 99,800-square-foot big-box space within the center.