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PSRS Arranges $3.7M Refinance Loan For Mammoth Gateway Retail Strip Center

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FINANCED
$3,700,000
Grady Seldin
Thomas Rudinsky

California

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Retail54,854 SF
Financed 12/06/2023
the dealplayerscompscontact
Property Image
FINANCED

PSRS Arranges $3.7M Refinance Loan For Mammoth Gateway Retail Strip Center

26 Old Mammoth Road

See Similar Deals
Retail54,854 SF
Financed 12/06/2023
Grady Seldin
Thomas Rudinsky
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$67
Total Square Footage:54,854 SF
Transaction Type:Loan

PSRS has arranged a $3.7 million, 10-year fixed-rate loan for the refinancing of Mammoth Gateway, a retail strip center in Mammoth Lakes. The property, located at 26 Old Mammoth Road, was built in 1973 and comprises 54,854 square feet on 3.5 acres. It is anchored by Rite Aid and features 13 retail spaces, including a hardware store, pet store, and various restaurants and cafés.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,700,000
  • Address: 26 Old Mammoth Road
  • Market: Mammoth Lakes
  • Square Footage: 54,854
  • Acres: 3.5

The loan was arranged by Grady Seldin and Thomas Rudinsky of PSRS, who represented the parties involved in the refinancing deal. The 10-year fixed-rate loan offers favorable terms for the property owners.

Players

Grady Seldin
PSRS- Pacific Southwest Realty Services
Grady Seldin
2 deals$6.7M volume(310) 440-2312
BROKER
Thomas Rudinsky
PSRS- Pacific Southwest Realty Services
Thomas Rudinsky
6 deals$24.6M volume(310) 440-2307
BROKER

Details

FINANCED
IMAGE: Grady Seldin & Thomas Rudinsky DATE: 12/06/2023 ADDRESS: 26 Old Mammoth Road MARKET: Mammoth Lakes ASSET TYPE: Retail ~ SF: 54,854 ~ ACRES: 3.5 BROKERS: Grady Seldin (@GradysLife) & Thomas Rudinsky (@Rudyswrld) - PSRS (@PSRSLA) LOAN AMOUNT: $3,700,000 LOAN TYPE: Refinance LOAN TERMS: 10-year, fixed-rate loan NOTE: PSRS has arranged a $3.7 million, 10-year fixed-rate loan for the refinancing of Mammoth Gateway, a retail strip center in Mammoth Lakes. The property, built in 1973 and anchored by Rite Aid, comprises 54,854 square feet on 3.5 acres, housing 13 retail spaces, including a hardware store, pet store, and various restaurants and cafés.

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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