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5665 Rosemead Boulevard

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

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

5665 Rosemead Boulevard

$13,087,000

Building Size

Asset Type

Retail

Closing

Mar 22, 2024

AI

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 Guterman

Bellwether Enterprise (BWE)

Broker

$621.5M

vol

14 deals

Broker
CrossFirst Bank
CrossFirst BankLender

Temple City Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.21%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93