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William Gerrity Of Gerrity Group Secures $35.66M Loan From New York Life For Retail Center

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FINANCED
$35,661,000

California

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Retail128,243 SF
Financed 01/26/2026
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FINANCED

William Gerrity Of Gerrity Group Secures $35.66M Loan From New York Life For Retail Center

1416 North Moorpark Road

See Similar Deals
Retail128,243 SF
Financed 01/26/2026
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$278
Total Square Footage:128,243 SF
Transaction Type:Loan

The property involved in this transaction is Conejo Valley Plaza, located at 1388-1416 North Moorpark Road in Thousand Oaks. The retail asset encompasses 128,243 square feet and spans 12.27 acres. The property features a grocery anchor, Ralphs, and additional tenants such as Toppers Pizza. It was built in 1983 and underwent renovations in 2005, benefiting from strong highway visibility that supports its value-add strategy.

Summary of transaction details:

This transaction highlights the key individuals and companies involved in the financing arrangement, with NorthMarq playing a crucial role in arranging the $35.661 million bridge financing deal for the retail center.

Players

Matthew (Matt) Radich
6 deals$25M volume(949) 717-5205
BROKER


NorthMarq
BROKERAGE


William Gerrity
Gerrity Group
1 deal$45.5M volume
LANDLORD

Details

FINANCED
IMAGE: William Gerrity, Matt Radich & Mason Brower DATE: 01/26/2026 ADDRESS: 1388-1416 North Moorpark Road MARKET: Thousand Oaks ASSET TYPE: Retail ~ SF: 128,243 ~ ACRES: 12.27 LENDER: New York Life (@NewYorkLife) LANDLORD: William Gerrity - Gerrity Group BROKERS: Matt Radich & Mason Brower - NorthMarq (@NorthMarq) LOAN AMOUNT: $35,661,000 LOAN TYPE: Bridge LOAN TERMS: five-year, interest-only NOTE: Northmarq arranged $35.661M in bridge financing from New York Life for Conejo Valley Plaza, a 128,243-square-foot grocery-anchored retail center in Thousand Oaks, CA, on a five-year, interest-only term.Built in 1983 and renovated in 2005, the 12.27-acre property is anchored by Ralphs and includes tenants like Toppers Pizza, with strong highway visibility supporting Gerrity’s value-add strategy.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$35,661,000.00

Monthly NOI$237,740.00
Monthly Debt Service$225,401.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00