PSRS Secures $3.7M Bridge Loan For Pointe West Plaza In San Ramon
2416 San Ramon Valley Boulevard
$3,700,000
$212/SF
Building Size
17,417 SF
Asset Type
Retail
Closing
Jan 9, 2024
AI
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
San Ramon 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93