Updated Jul 1, 2026
MPM Partners Secures $46 Million Loan From Wells Fargo For Rosemead Place Shopping Center
3506 Rosemead Boulevard & 3864 Rosemead Boulevard
$46,000,000
$136/SF
Building Size
336,718 SF
Asset Type
Retail
Closing
Jun 25, 2026
About this deal
AI
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.
On the Map
$46,000,000
$136/SF
Retail
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Players
Boulevard Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93