Gantry Secures $42.2 Million Refinancing Loan For Haagen Redondo LLC In Redondo Beach

The property involved in this transaction is the Redondo Shores Shopping Center, a grocery-anchored retail center with a total square footage of 107,000 located at 401-417 North Pacific Coast Highway in Redondo Beach, California. The landlord of the property is Haagen Redondo LLC. The loan amount secured for this asset is $42,200,000, which is categorized as a refinance, featuring a 10-year term at a fixed rate with non-recourse conditions.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $42,200,000
• Asset Size: 107,000 SF
• Address: 401-417 North Pacific Coast Highway
• Market: Redondo Beach
• Landlord: Haagen Redondo LLC
• Brokers: Braden Turnbull & Claire Jones - Gantry
• Loan Type: Refinance
• Loan Terms: 10-year, fixed rate, non-recourse

Braden Turnbull and Claire Jones from Gantry represented the owner, Haagen Redondo LLC, in the refinancing process. The loan was arranged through Gantry's insurance company correspondent network after a property repositioning investment of $6 million was made.