Rhino Investment Group Secures $21.86 Million Loan For Retail Asset In Cathedral City

The property asset involved in this transaction is a retail space located at 34351 Date Palm Drive in Cathedral City, featuring a total square footage of 195,000. The loan amount for this acquisition is $21,860,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $21,860,000
• Loan Type: Acquisition
• Lender: Larry Grantham, DaJuan Bennett & Zach Novatt - Calmwater Capital
• Landlord: Rhino Investment Group
• Brokers: Jeff Sause, Chad Morgan, Daniel Skerrett & Jalynn Borders - JLL

This transaction includes key individuals and companies, notably the lenders from Calmwater Capital who facilitated the loan, as well as the landlord, Rhino Investment Group. The brokers representing the deal are Jeff Sause, Chad Morgan, Daniel Skerrett, and Jalynn Borders from JLL.