Meridian Capital Group Secures $10.5 Million Refinance Loan For Bristol Village Plaza In Costa Mesa

The property asset involved in the transaction is Bristol Village Plaza, located at 270 Bristol Street in the Costa Mesa-Newport Beach Submarket. The total square footage of the retail asset is 28,000. The transaction involves a loan amount of $10,500,000, which is a refinance with terms of 6.57% fixed for five years, offering flexible prepay options open after year three.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,500,000
• Address: 270 Bristol Street
• Market: Costa Mesa-Newport Beach Submarket
• Loan Type: Refinance
• Loan Terms: 6.57% Fixed for Five Years, Flexible Prepay Open After Year 3
• Landlord: The Festival Companies
• Broker Representatives: Dorian Aftalion, John Bianco & David Oheb - Meridian Capital Group

The deal was facilitated by Meridian Capital Group, which is actively involved in arranging financing for various asset types, including multifamily, mixed-use, retail, industrial, office, specialty-use, and ground-up construction projects across California, New York, and nationwide. The key individuals involved in this transaction include Dorian Aftalion, John Bianco, and David Oheb, who represent the brokerage in the financing arrangement.