RGA Reinsurance Co. Provides $20.5M Loan For Almaden Safeway Center In San Jose

The Almaden Safeway Center in San Jose has secured $20.5 million in financing from RGA Reinsurance Co. The loan was arranged by JLL Capital Markets on behalf of the property's landlord, Brothers International Holding Corp. This fully occupied retail property is located at 4750 Almaden Expressway and spans 143,452 square feet. It includes tenants such as JoAnn Fabrics and McDonald's, with an average remaining lease term of 7.2 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $20,500,000
• Address: 4750 Almaden Expressway
• Market: San Jose

The loan was provided by Tony Cheng of RGA Reinsurance Co., while Brothers International Holding Corp. was represented by Joshua Kwan. JLL brokers Bruce Ganong, Lillian Roos, and Matthew Mingrone facilitated the deal. It is worth noting that the loan amount is for the purpose of refinancing the property, and the loan term is set for 10 years.