Gantry Secures $42.8 Million Loan For Rhino Investments Group's Retail Portfolio Refinance

The transaction involves a retail portfolio comprising 481,265 square feet across multiple locations: 34251 Date Palm Drive in Cathedral City, CA; 7915 North Hale Avenue in Peoria, IL; 1124-1266 Lancaster Drive Northeast in Salem, OR; and Manitowoc Shopping Center in Manitowoc, WI. A refinance loan amount of $42,800,000 was secured to facilitate this deal.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $42,800,000
• Loan Type: Refinance
• Loan Terms: fixed-rate, 30-year amortization
• Landlord: Sanjiv Chopra - Rhino Investments Group
• Brokers: Andy Bratt & Sean Kuang - Gantry
• Market Locations: Cathedral City, CA; Peoria, IL; Salem, OR; Manitowoc, WI

This transaction was orchestrated with the assistance of Gantry, who represented the borrower and managed the debt servicing. The refinancing allows for retiring existing debt and ensuring tenant improvements are funded in accordance with executed leases across the portfolio.