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

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.