FINANCEDRetail
Gantry Secures $26 Million Bridge Loan From Fortress Investment Group For Civic Center Plaza In Simi Valley
2631 Tapo Canyon Road
$26,000,000
$179/SF
Building Size
145,000 SF
Asset Type
Retail
Closing
Aug 4, 2025
AI
Civic Center Plaza is a retail center located at 2631 Tapo Canyon Road in Simi Valley, encompassing 145,000 square feet and situated on 11.5 acres.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $26,000,000
- Loan Type: Bridge
- Loan Terms: three-year, nonrecourse
- Lender: Fortress Investment Group
- Brokers: Mark Ritchie & Austin Ridge - Gantry
Mark Ritchie and Austin Ridge of Gantry facilitated the refinancing of Civic Center Plaza on behalf of a private real estate operator, securing a bridge loan from Fortress Investment Group.
Players
Simi Valley 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93