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1400 Mercy Springs Rd.

Updated Oct 19, 2026

RRA Capital Provides $1.80M Loan For Retail Asset At 1400 Mercy Springs Rd Los Banos
FINANCEDRetail

RRA Capital Provides $1.80M Loan For Retail Asset At 1400 Mercy Springs Rd Los Banos

1400 Mercy Springs Rd.

$1,804,770

$50/SF

Building Size

35,943 SF

Asset Type

Retail

Closing

Dec 8, 2016

About this deal

AI

The asset involved in this transaction is a retail property located at 1400 Mercy Springs Rd., Los Banos. The loan amount for this transaction is $1,804,770.00.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,804,770.00
  • Market: Los Banos
  • Lender: RRA Capital
  • Broker: David Mott
  • Loan Date: 12/08/2016

David Mott represents the broker in this transaction, working on behalf of the parties involved. This transaction illustrates the collaboration between the lender, RRA Capital, and the representatives involved.

The retail loan at 1400 Mercy Springs Rd. in Los Banos, California financed for $1.8M in 2016. The building is 35,943 square feet, implying about 50 per square foot on the published price. Named participants on the 1400 Mercy Springs Rd. loan are David Mott. This page is the Los Banos, California file for the 1400 Mercy Springs Rd. retail financed: pricing, party profiles, and other closed retail comps from the same Los Banos sit in the Market section below. Filter that Los Banos retail set by closing date to see what else financed near 1400 Mercy Springs Rd. around 2016. Published consideration for 1400 Mercy Springs Rd. is $1.8M, dated 2016. Cite this RRA Capital Provides $1.80M Loan For Retail Asset At 1400 Mercy Springs Rd Los Banos loan when underwriting similar retail product around Los Banos, California.

On the Map

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$1,804,770

$50/SF

Retail

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Players

David Mott

Northmarq Capital

Broker

2 deals

Broker
RRA Capital
RRA CapitalLender
Bilt advertisement

Los Banos Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Deal FAQ

About $50 per square foot on a published $1.8M for 35,943 square feet (2016).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.79%

Cash-on-Cash

-2.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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