Bradley Buzil Of Marcus & Millichap Secures $3.5M Refinance For Chevron In Gardena

The asset involved in this transaction is a Chevron gas station located at 15407 Crenshaw Boulevard, Gardena, CA. The loan amount reached $3,500,000, which is designated for refinancing. The property is characterized by its location in a high-traffic area, surrounded by medical offices, restaurants, retail shops, and apartments. The terms of the loan include a 10-year duration, a 7.25% interest rate, and a 25-year amortization with a loan-to-value ratio of 55%.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,500,000
• Lender: HAB Bank
• Broker: Bradley Buzil - Marcus & Millichap
• Loan Type: Refinance
• Loan Terms: 10-year loan, 7.25% interest rate, 25-year amortization, 55% loan-to-value

Marcus & Millichap Capital Corporation facilitated the refinancing deal for the Chevron gas station. Bradley Buzil, who serves as the first vice president at Marcus & Millichap's Los Angeles office, played a key role in securing the financing for a private client through HAB Bank. This arrangement is aimed at improving liquidity, reducing capital costs, and enhancing cash flow for the property.