DAJUAN BENNETT & MARK OMID BOLOUR Of BOLOUR Provide $6.3M Loan For Retail Acquisition In Berkeley

The transaction involves a retail property located at 2200 Shattuck Avenue in Berkeley, featuring a total square footage of 18,000. The acquisition loan for this asset is valued at $6,300,000, with a loan type specified as acquisition and a term of 24 months, including extension options.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,300,000
• Loan Type: Acquisition
• Loan Terms: 24 Months + Extension Options
• Address: 2200 Shattuck Avenue
• Market: Berkeley
• Lender: BA Debt Fund
• Lender Representatives: Mark Omid Bolour & DaJuan Bennett - BOLOUR
• Landlord Representatives: Eric Shulman & Joe Spicer - Flying Horse Investments
• Broker: Jason Blau - Pegasus Investments

This transaction showcases a collaboration where the lenders are providing the necessary capital for acquisition, renovation, and leasing of a vacant retail condominium. The lender, BOLOUR, specializes in urban infill primary and secondary markets, focusing on opportunistic deals and value-add business plans, indicating their commitment to execute complex private lending projects.