Updated May 19, 2026
REIT Provides $2,500,000 Bridge Loan For 40,000 SF Strip Mall In Stockton, CA
3008 East Hammer Lane
$2,500,000
$62/SF
Building Size
40,000 SF
Asset Type
Retail
Closing
Feb 5, 2026
About this deal
AI
The asset involved in this transaction is a strip mall located at 3008 Hammer LN in Stockton, CA, with a total square footage of 40,000. The loan amount associated with this property is $2,500,000 and it is categorized as a bridge loan with a term of 12 months and an interest-only rate of 11.00%.
Summary of transation details:
- Property Type: Strip Mall
- Transaction Amount: $2,500,000
- Loan Type: Bridge
- Loan Term: 12 Months IO 11.00%
- Lender: REIT
- Broker: Andrew Khan - Private Capital Partners
Andrew Khan from Private Capital Partners is the broker representing the transaction, specifically specializing in bridge and construction financing for investment properties and development projects.
On the Map
$2,500,000
$62/SF
Retail
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Players
Stockton 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93