Updated Sep 25, 2025
Donald Bren Of Irvine Company Secures $290 Million Refinance Loan From U.S. Bank For Retail Asset
2961 El Camino Real
$290,000,000
$411/SF
Building Size
705,000 SF
Asset Type
Retail
Closing
Sep 24, 2025
About this deal
AI
The Market Place is a retail asset located at 2961 El Camino Real in Tustin, California. The property encompasses a significant 705,000 square feet, situated on 165 acres. A recent refinance loan has been secured for this asset, highlighting its value in the thriving retail market of Orange County.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $290,000,000
- Lender: U.S. Bank
- Landlord: Donald Bren - Irvine Company
- Loan Type: Refinance
- Market: Tustin
- Asset Size: 705,000 SF
- Acres: 165
In this transaction, U.S. Bank provided a permanent loan to Irvine Company for the refinancing of The Market Place. This financing arrangement reflects the robust lender confidence in the local retail sector, which is characterized by some of the lowest vacancy rates nationwide.
Players
Tustin Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Donald Bren to view all their deals.
Browse Tustin retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93