Zack Streit of Priority Capital Advisory Secures $12.75M Refinance From Farmers & Merchants Bank

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.