facebook
Traded Co logo
Submit
Daily limit: 0/10

Seven Hills Realty Trust Provides $19.5M Loan To Finance Town Center Plaza Acquisition In Palm Desert

Property Image
FINANCED
$19,500,000

California

See Similar Deals
Retail
Financed
the dealplayerscompscontact
Property Image
FINANCED

Seven Hills Realty Trust Provides $19.5M Loan To Finance Town Center Plaza Acquisition In Palm Desert

44250 Town Center Way

See Similar Deals
Retail
Financed
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Loan

The asset involved in the transaction is Town Center Plaza, a grocery-anchored retail property located at 44100-44250 Town Center Way in Palm Desert. The property is secured by a first mortgage loan amounting to $19,500,000. It hosts nationally recognized retailers within the Coachella Valley and is designed to meet the demands of retail market trends.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $19,500,000
  • Lender: Seven Hills Realty Trust
  • Landlord: Brad LaRue - United Growth
  • Broker: Palmer Capital
  • Loan Terms: three-year

Seven Hills Realty Trust arranged the floating rate first mortgage loan through Palmer Capital on behalf of the sponsor, United Growth. This financing aims to facilitate the acquisition of the property in alignment with retail growth strategies in the Palm Desert market.

Players

Palmer Capital
Palmer Capital
BROKERAGE
Seven Hills Realty Trust
Seven Hills Realty Trust
LENDER
Brad LaRue
United Growth
Brad LaRue
1 deal$19.5M volume
LANDLORD

Details

FINANCED
IMAGE: Brad LaRue DATE: 03/09/2026 ADDRESS: 44100-44250 Town Center Way MARKET: Palm Desert ASSET TYPE: Retail LENDER: Seven Hills Realty Trust LANDLORD: Brad LaRue - United Growth BROKER: Palmer Capital LOAN AMOUNT: $19,500,000 LOAN TERMS: three-year NOTE: Seven Hills Realty Trust closed a $19.5M floating rate first mortgage loan to finance the acquisition of Town Center Plaza, a grocery-anchored retail property in Palm Desert. The three-year loan, arranged by Palmer Capital on behalf of sponsor United Growth, covers a property anchored by nationally recognized retailers in the Coachella Valley.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$19,500,000.00

Monthly NOI$130,000.00
Monthly Debt Service$123,253.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00