MPM Partners Secures $46 Million Loan From Wells Fargo For Rosemead Place Shopping Center

Rosemead Place, located at 3506-3864 Rosemead Boulevard in Rosemead, CA, is a retail asset measuring 336,718 square feet. The property is anchored by Target and has been refinanced with a loan amount of $46 million.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $46,000,000
• Market: Rosemead, CA
• Lender: Wells Fargo
• Landlord: Herbert Yang - MPM Partners
• Lender's Representative: Joel Minugh & James Ko - Wells Fargo
• Landlord's Representative: Trevor Fase & Lynn Pearson - Walker & Dunlop
• Loan Type: Permanent
• Loan Terms: fixed-rate, interest-only

Trevor Fase and Lynn Pearson of Walker & Dunlop were instrumental in arranging the financing for this transaction, while Joel Minugh and James Ko acted on behalf of Wells Fargo in representing the lender's interests.