Symetra Life Insurance Company Provides $16M Refinance Loan For Retail Property In Fontana, California

The retail property located at 16991 Valley Blvd in Fontana, California has undergone a refinancing transaction. The property, owned by Leonard H. Lundin, was financed by Symetra Life Insurance Company for a loan amount of $16,000,000. The loan terms include a 15-year term, a 30-year amortization schedule, and a 4.25% interest rate. The loan is non-recourse, meaning that the lender does not have recourse to the borrower's personal assets in the event of default.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $16,000,000
• Loan Type: Refinance
• Loan Terms: 15-year Term, 30-year Amortization, 4.25% interest rate, Non-Recourse
• Landlord: Leonard H. Lundin
• Lender: Symetra Life Insurance Company
• Broker: Michael Kaplan - No Mentioned Agency

Michael Kaplan served as the broker in this transaction. His role was to facilitate the refinancing process between the landlord, Leonard H. Lundin, and the lender, Symetra Life Insurance Company.