Castellan Real Estate Partners Provides $30.2M Bridge Refi Cash-Out Loan For Simi Valley Retail Property

1555 Simi Town Center Way in Simi Valley Town Center has recently undergone a closed loan transaction. The property, a retail asset, spans approximately 602,000 square feet. The deal involved a loan amount of $30,200,000 and was categorized as a Bridge Refi Cash-Out loan.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $30,200,000
• Address: 1555 Simi Town Center Way - Simi Valley Town Center
• Market: Simi Valley, CA
• Lender: Castellan Real Estate Partners - Steven Victor
• Landlord: The Festival Companies
• Brokers: Seth Grossman & Dorian Aftalion - Meridian Capital Group

The loan transaction was facilitated by Steven Victor from Castellan Real Estate Partners. The landlord in this deal was The Festival Companies. The brokers representing the deal were Seth Grossman and Dorian Aftalion from Meridian Capital Group, a prominent real estate finance and advisory firm that has closed over $55 billion in financing in 2021 across various property types.

Additionally, The Festival Companies, a full-service real estate provider, developer, owner, and operator, manages and owns over 4+ million square feet of retail space with a track record spanning 40+ years.