Mutual Of Omaha Life Insurance Provides $9 Million Refinance For Foothill Village Oaks Shopping Center

The transaction involves the Foothill Village Oaks Shopping Center, a retail asset located in Roseville. The property encompasses a total square footage of 65,471. The shopping center is situated in a densely populated residential submarket and hosts a diverse mix of local and national tenants.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,000,000
• Loan Type: Refinance
• Loan Terms: 5 Years
• Lender: Mutual of Omaha Life Insurance
• Brokers: Jacob Lee & Garrett Carter - PSRS- Pacific Southwest Realty Services

Jacob Lee and Garrett Carter from PSRS arranged the refinancing of the shopping center through a correspondent life insurance company. The loan structure includes a non-recourse, fixed-rate financing option with cash out and a flexible step-down prepayment penalty.