Daniel Rosenberg & Logan Petersmeyer Acquires 291,977 SF Retail Property In Costa Mesa

The South Coast Collection (SOCO) is a nearly fully leased urban shopping center located at 3303 Hyland Avenue in Costa Mesa. The property spans 291,977 square feet and was recently involved in an acquisition loan transaction amounting to $66,000,000. The loan was secured by Daniel Rosenberg and Logan Petersmeyer of Bellwether Enterprise on behalf of Continental Realty Corp, the landlord of the property.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $66,000,000
• Lender: Daniel Rosenberg & Logan Petersmeyer - Bellwether Enterprise (BWE)
• Landlord: JM Schapiro - Continental Realty Corp
• Loan Type: Acquisition Loan
• Loan Terms: five-year, fixed-rate, interest-only loan

Daniel Rosenberg and Logan Petersmeyer of BWE successfully arranged favorable loan terms for Continental Realty Corporation by leveraging the strong performance of SOCO and BWE's extensive capital provider network, facilitating the financing for the urban shopping center in Costa Mesa.