Updated Dec 4, 2024
Castellan Capital Provides $5M Bridge Loan For Retail Property In Moreno Valley
22500 Town Circle
$5,000,000
$3/SF
Building Size
1,354,280 SF
Asset Type
Retail
Closing
Aug 24, 2023
About this deal
AI
The retail property located at 22500 Town Circle in Moreno Valley has recently undergone a loan transaction. The loan amount for this transaction was $5,000,000, and the loan type was a bridge loan. The lender for this transaction was Castellan Capital.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Date: 08/24/2023
- Address: 22500 Town Circle
- Market: Moreno Valley
The landlord for this retail property is Moreno Valley Mall Holdings. The broker involved in this loan transaction is Alberto Guardado from Real Estate Collective Group.
On the Map
$5,000,000
$3/SF
Retail
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Players
Moreno Valley Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93