REIT Provides $2,500,000 Bridge Loan For 40,000 SF Strip Mall In Stockton, CA

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.