Gantry Arranges $8.6M Loan To Refinance Oak Hills Shopping Center In Pleasanton
5410 Sunol Boulevard & 5480 Sunol Boulevard
$8,600,000
$35/SF
Building Size
240,000 SF
Asset Type
Retail
Closing
Jan 19, 2024
AI
The Oak Hills Shopping Center in Pleasanton, California has been refinanced with an $8.6 million loan arranged by Gantry. The retail property, located at 5410-5480 Sunol Boulevard, spans 120,000 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,600,000
- Address: 5410-5480 Sunol Boulevard
- Market: Pleasanton
- Loan Type: Refinance
- Loan Terms: 12-year fixed-rate loan with a 20-year amortization
Alex Poulos, Tony Kaufmann, and Mitch Zeemont from Gantry represented the parties involved in the refinancing of the Oak Hills Shopping Center. Gantry's correspondent life company lender provided the 12-year fixed-rate loan with a 20-year amortization.
Players
Pleasanton Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93