First Financial Capital Provides $4.34M Acquisition Loan For Retail Property In Torrance

The property involved in this transaction is a retail asset located at 3900 West Sepulveda Boulevard in Torrance. The property spans 19,524 square feet, making it a spacious option for retail operations in the area. The transaction took place on September 8, 2023, with Faraz Ghadooshahy and Chandler Kelley handling the negotiations.

Summary of transaction details

• Property Type: Retail
• Square Footage: 19,524
• Address: 3900 West Sepulveda Boulevard, Torrance
• Market: Torrance
• Lender: Faraz Ghadooshahy - First Financial Capital
• Landlord: Mohammed Mohammed
• Broker: Chandler Kelley - Retail Link Associates

The focus of this deal was an acquisition loan obtained by the buyer. The loan amount for this transaction was $4,340,000. The loan terms included a duration of 1 year with the option for 2 free annual renewals. It is an interest-only loan with no prepayment penalties. This loan will provide the necessary financial support for the buyer to complete the acquisition of the retail property on Sepulveda Boulevard.