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Gantry Secures $55.9 Million Loan For Huntington Oaks Retail Center In Monrovia

Property Image
FINANCED
$55,900,000
George Mitsanas
Austin Ridge
Braden Turnbull

California

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Retail251,000 SF
Financed 11/08/2024
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Property Image
FINANCED

Gantry Secures $55.9 Million Loan For Huntington Oaks Retail Center In Monrovia

500 West Huntington Drive

See Similar Deals
Retail251,000 SF
Financed 11/08/2024
George Mitsanas
Austin Ridge
Braden Turnbull
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$222
Total Square Footage:251,000 SF
Transaction Type:Loan

The asset involved in this transaction is Huntington Oaks, a retail center located at 500-600 West Huntington Drive in Monrovia. The property encompasses a total square footage of 251,000 and is home to tenants including Trader Joe's, Marshalls, and Petco.

Summary of transaction details:

This acquisition loan was arranged by Gantry's Los Angeles team for a private real estate investor through a correspondent insurance lender, featuring a five-year, interest-only structure.

Players

George Mitsanas
Gantry
George Mitsanas
16 deals$896.8M volume
BROKER
Austin Ridge
Gantry
Austin Ridge
11 deals$617.1M volume
BROKER
Braden Turnbull
Gantry
Braden Turnbull
9 deals$311M volume(310) 846-5301
BROKER

Details

FINANCED
IMAGE: Austin Ridge, Braden Turnbull & George Mitsanas DATE: 11/08/2024 ADDRESS: 500-600 West Huntington Drive MARKET: Monrovia ASSET TYPE: Retail ~ SF: 251,000 BROKERS: Austin Ridge, Braden Turnbull & George Mitsanas - Gantry (@Gantry_Inc) LOAN AMOUNT: $55,900,000 LOAN TYPE: Acquisition LOAN TERMS: five-year, fixed-rate NOTE: Gantry secured a $55.9 million acquisition loan for Huntington Oaks, a 251,000-square-foot retail center in Monrovia with tenants including Trader Joe's, Marshalls, and Petco. The five-year, interest-only loan was arranged by Gantry’s Los Angeles team for a private real estate investor through a correspondent insurance lender.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$55,900,000.00

Monthly NOI$372,666.67
Monthly Debt Service$353,326.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00