B3 Investors Secures $33 Million Bridge Loan For Retail Property In San Leandro

The transaction involves a retail asset located at 15555 East 14th Street in the San Leandro market. The property spans 715,000 square feet and has secured a bridge loan amounting to $33,000,000. The loan terms include non-recourse financing for a duration of 3 years with an interest rate indexed to SOFR plus 400 basis points.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $33,000,000
• Loan Type: Bridge
• Loan Terms: Non-recourse, 3 years, SOFR+400
• Lender: Colliers
• Landlord: B3 Investors
• Brokers: Shahin Yazdi & Jonathan Lee - Colliers

Key individuals involved in this transaction include the landlords, B3 Investors, and the brokers representing the deal, Shahin Yazdi and Jonathan Lee, both associated with Colliers. The deal is particularly facilitated by the expertise of the involved brokers, ensuring a smooth process for the financing of the retail asset.