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CrossFirst Bank Provides $13.087M Refinance Loan For Retail Property In Temple City

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FINANCED
$13,087,000

California

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Retail
Financed 03/22/2024
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FINANCED

CrossFirst Bank Provides $13.087M Refinance Loan For Retail Property In Temple City

5665 Rosemead Boulevard

See Similar Deals
Retail
Financed 03/22/2024
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Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Loan

The property located at 5665 Rosemead Boulevard in Temple City is a retail asset. The loan for this property was provided by CrossFirst Bank for a total amount of $13,087,000 on a 5-Year Facility refinance deal. The landlords of this property are John Crump and Jim Brooks, represented by BH Properties. The brokers involved in the deal were Michael Guterman and Perry Colligan from Bellwether Enterprise (BWE).

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $13,087,000
  • Address: 5665 Rosemead Boulevard
  • Market: Temple City
  • Lender: CrossFirst Bank
  • Landlord: John Crump & Jim Brooks - BH Properties
  • Brokers: Michael Guterman & Perry Colligan - Bellwether Enterprise (BWE)
  • Loan Type: Refinance
  • Loan Terms: 5-Year Facility

The key individuals involved in this transaction include John Crump and Jim Brooks as the landlords, CrossFirst Bank as the lender, and Bellwether Enterprise (BWE) represented by Michael Guterman and Perry Colligan as the brokers facilitating the deal.

Players

Michael "Mike" Guterman
14 deals$621.5M volume
BROKER

Perry Colligan
Bellwether Enterprise (BWE)
1 deal$13.1M volume(310) 356-0496
BROKER

CrossFirst Bank
LENDER

Details

FINANCED
IMAGE: John Crump, Jim Brooks, Michael Guterman & Perry Colligan DATE: 03/22/2024 ADDRESS: 5665 Rosemead Boulevard MARKET: Temple City ASSET TYPE: Retail LENDER: CrossFirst Bank LANDLORD: John Crump & Jim Brooks - BH Properties BROKERS: Michael Guterman (@MikeGuterman) & Perry Colligan - Bellwether Enterprise (BWE) (@BWE_Bellwether) LOAN AMOUNT: $13,087,000 LOAN TYPE: Refinance LOAN TERMS: 5-Year Facility

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$13,087,000.00

Monthly NOI$87,246.67
Monthly Debt Service$82,718.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00