Continental Partners Arranges $15M Loan For Santa Rosa Town Center Power Center In CA | 2765 Santa Rosa Avenue | Dave Brelian, JM Grimaldi | Retail | Loan

Summary

Loan

CALIFORNIA

Retail

169,101 sqft

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.

Players

All
3

Agents
2
Agencies
1

Dave Brelian

Associate

JM Grimaldi

Executive Vice President

Continental Partners

Details

Deal Summary

FINANCED

IMAGE: JM Grimaldi & Dave Brelian DATE: 09/22/2022 ADDRESS: 2765-2835 Santa Rosa Ave. MARKET: Santa Rosa, CA ASSET TYPE: Retail ~ SF: 169,101 LENDER: Continental Partners (@ContiPartners) LANDLORD: Sam Arikat BROKER: JM Grimaldi (@Watchtog) & Dave Brelian (@DaveBrelian) - Continental Partners LOAN AMOUNT: $15,000,000 LOAN TYPE: Refinance LOAN TERMS: 15-year fixed, non-recourse, fully amortizing loan priced at 4.49% NOTE FROM LENDER: Continental Partners is pleased to announce the closing of $15,000,000 in non-recourse, permanent financing for a Power Center in Santa Rosa, CA. Dave Brelian and JM Grimaldi were tasked with tailoring a custom financing product for Santa Rosa Town Center, a legacy asset the borrower plans to pass on to his future generations. They successfully negotiated a fully amortizing, 15-year fixed debt package at 4.49%, which includes a flexible prepayment schedule. Credit tenancy includes @petco @smartfinal @michaelsstores @rossdressforless @jackinthebox @mattressfirm & @scandinaviandesigns1963

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Address2765 Santa Rosa Avenue

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