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4750 Almaden Expressway
FINANCED

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

4750 Almaden Expressway

Retail
143,452 SF
clock iconFinanced 165 days ago
Lillian Roos
Bruce Ganong
Matthew Mingrone
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Summary

Loan
CALIFORNIA
Retail
143,452 sqft

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.

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Lillian Roos's profile picture
Lillian Roos
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Structured Finance, Debt & Equity Placement, Associate

Details

Deal Summary
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FINANCED
IMAGE: Lillian Roos, Bruce Ganong, Matthew Mingrone & Tony Cheng DATE: 01/30/2024 ADDRESS: 4750 Almaden Expressway MARKET: San Jose ASSET TYPE: Retail ~ SF: 143,452 LENDER: Tony Cheng - RGA Reinsurance Co. LANDLORD: Joshua Kwan - Brothers International Holding Corp BROKERS: Bruce Ganong, Lillian Roos & Matthew Mingrone - JLL (@JLL) LOAN AMOUNT: $20,500,000 LOAN TYPE: Refinance LOAN TERMS: 10-year NOTE: RGA Reinsurance Co. provided $20.5 million financing for the Almaden Safeway Center in San Jose, arranged by JLL Capital Markets for Brothers International Holding Corp. The fully occupied retail property, located at 4750 Almaden Expressway, includes tenants like JoAnn Fabrics and McDonald's with a weighted average remaining lease term of 7.2 years.

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