Meridian Capital Group Arranges $30.2M Bridge Refi Cash-Out Loan For Simi Valley Retail Property

The property involved in this closed transaction is located at 1555 Simi Town Center Way in Simi Valley Town Center, California. It is a retail asset with a total square footage of 602,000. The transaction took place on November 8, 2022.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $30,200,000
• Lender: Castellan Real Estate Partners
• Loan Type: Bridge Refi Cash-Out
• Landlord: The Festival Companies
• Brokers: Seth Grossman & Dorian Aftalion - Meridian Capital Group

The loan for this transaction was provided by Castellan Real Estate Partners, with Steven Victor representing the lender. The landlord involved in this deal is The Festival Companies. Seth Grossman and Dorian Aftalion from Meridian Capital Group served as the brokers in this transaction.

It's worth noting that Meridian Capital Group is America's most active real estate finance and advisory firm, having closed over $55 billion in financing in 2021 across various property types. They represent many of the world's leading real estate investors and developers.