A $15,000,000 loan has been closed for the refinance of a retail property in Santa Rosa, CA. Located at 2765-2835 Santa Rosa Ave., the property has a total square footage of 169,101. The landlord, Sam Arikat, sought the loan to secure permanent financing for Santa Rosa Town Center, a Power Center.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $15,000,000
• Address: 2765-2835 Santa Rosa Ave., Santa Rosa, CA
• Market: Santa Rosa, CA
• Loan Type: Refinance
• Loan Terms: 15-year fixed, non-recourse, fully amortizing loan priced at 4.49%

JM Grimaldi and Dave Brelian from Continental Partners served as the brokers in this transaction. They successfully negotiated a fully amortizing, 15-year fixed debt package at a price of 4.49%. The loan, which includes a flexible prepayment schedule, offers a custom financing product tailored to the borrower's needs. The credit tenancy of the property includes tenants such as Petco, Smart & Final, Michaels Stores, Ross Dress for Less, Jack in the Box, Mattress Firm, and Scandinavian Designs.