John Morelli Of INSIGNIA Financial Services Arranges $4.08M Acquisition Loan For Mission Viejo Retail Property

The asset involved in this transaction is a 7,500 square foot retail property located at 25552 El Paseo in the Mission Viejo market. The acquisition loan amounts to $4,086,000, provided by Morgan Stanley Bank, N.A. The loan is a fully amortized, 25-year fixed rate loan aimed at financing the purchase of this property.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,086,000
• Lender: Morgan Stanley Bank, N.A.
• Landlord: Royz Mission
• Broker: John Morelli - INSIGNIA Financial Services
• Loan Type: Acquisition
• Loan Terms: Fully amortized, 25-year fixed rate loan

John Morelli of INSIGNIA Financial Services arranged the acquisition financing for the buyer of the retail property. This location in Mission Viejo, Orange County, California, will serve as the future site for Universal Appliance and Kitchen Center, known as Southern California’s premier destination for luxury appliances.