Castellan Capital Provides $5M Bridge Loan For Retail Property In Moreno Valley
FINANCED
$5,000,000
California
See Similar DealsRetail1,354,280 SF
Financed
FINANCED
Castellan Capital Provides $5M Bridge Loan For Retail Property In Moreno Valley
22500 Town Circle
See Similar DealsRetail1,354,280 SF
Financed
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$3
Total Square Footage:1354280 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,000,000.00
Monthly NOI$33,333.33
Monthly Debt Service$31,603.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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