Zack Streit of Priority Capital Advisory Secures $12.75M Refinance From Farmers & Merchants Bank
FINANCED
$12,750,000
California
See Similar DealsRetail110,540 SF
Financed 08/18/2025
FINANCED
Zack Streit of Priority Capital Advisory Secures $12.75M Refinance From Farmers & Merchants Bank
39700 Balentine Drive
See Similar DealsRetail110,540 SF
Financed 08/18/2025
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$115
Total Square Footage:110,540 SF
Transaction Type:Loan
The retail asset located at 39700 Balentine Drive in Newark encompasses 110,540 square feet and is involved in a refinancing transaction amounting to $12,750,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,750,000
- Lender: Scott Lorenzini - Farmers & Merchants Bank of Long Beach
- Landlord: Blaine Emmons - Nearon Enterprises
- Broker: Zack Streit - Priority Capital Advisory
- Loan Type: Refinance
This transaction involves Blaine Emmons of Nearon Enterprises acting as the landlord in the refinancing deal with Scott Lorenzini representing Farmers & Merchants Bank of Long Beach as the lender. Zack Streit from Priority Capital Advisory served as the broker for this transaction.
Players
BROKERAGE
LENDER
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,750,000.00
Monthly NOI$85,000.00
Monthly Debt Service$80,588.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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