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PSRS Secures $3.7M Bridge Loan For Pointe West Plaza In San Ramon

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FINANCED
$3,700,000
Jonny Soleimani
Matthew Farzinpour

California

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Retail17,417 SF
Financed 01/09/2024
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FINANCED

PSRS Secures $3.7M Bridge Loan For Pointe West Plaza In San Ramon

2416 San Ramon Valley Boulevard

See Similar Deals
Retail17,417 SF
Financed 01/09/2024
Jonny Soleimani
Matthew Farzinpour
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$212
Total Square Footage:17,417 SF
Transaction Type:Loan

PSRS has arranged $3.7 million in bridge financing for Pointe West Plaza, a multi-tenant retail center located at 2416 San Ramon Valley Boulevard in San Ramon. The property spans 16,921 square feet and is situated in the San Ramon market.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,700,000
  • Address: 2416 San Ramon Valley Boulevard
  • Market: San Ramon
  • Square Footage: 16,921

The loan, a 12-month bridge loan, was secured by Jonny Soleimani and Matthew Farzinpour of PSRS- Pacific Southwest Realty Services. The loan features no prepayment penalty and was provided by a debt fund. The borrower's identity has not been disclosed.

Players

Jonny Soleimani
PSRS- Pacific Southwest Realty Services
Jonny Soleimani
16 deals$199.8M volume
BROKER
Matthew Farzinpour
PSRS- Pacific Southwest Realty Services
Matthew Farzinpour
4 deals$72.7M volume(310) 440-2310
BROKER

Details

FINANCED
IMAGE: Jonny Soleimani & Matthew Farzinpour DATE: 01/09/2024 ADDRESS: 2416 San Ramon Valley Boulevard MARKET: San Ramon ASSET TYPE: Retail ~ SF: 16,921 BROKERS: Jonny Soleimani (@SoleimaniJonny) & Matthew Farzinpour - PSRS- Pacific Southwest Realty Services (@PSRSLA) LOAN AMOUNT: $3,700,000 LOAN TYPE: Bridge Loan LOAN TERMS: 12-month loan, which features no prepayment penalty NOTE: PSRS has arranged $3.7 million in bridge financing for Pointe West Plaza, a multi-tenant retail center in San Ramon, east of the Bay Area. The 12-month loan, provided by a debt fund with no prepayment penalty, was secured by Jonny Soleimani and Matthew Farzinpour for an undisclosed borrower.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,700,000.00

Monthly NOI$24,666.67
Monthly Debt Service$23,386.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00