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Mamo Company Secures $56.25 Million Refinance From LoanCore Capital For Long Beach Marketplace

Property Image
FINANCED
$56,250,000

California

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Retail
Financed 10/08/2025
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Property Image
FINANCED

Mamo Company Secures $56.25 Million Refinance From LoanCore Capital For Long Beach Marketplace

6411 East Pacific Coast Highway

See Similar Deals
Retail
Financed 10/08/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Loan

The asset involved in the transaction is a retail center located at 6405-6411 East Pacific Coast Highway in Long Beach. This property spans 18.5 acres and includes 113,000 square feet of retail space. It is supported by 40 active tenants and is anchored by Trader Joe’s and the soon-to-open Sweetgreen.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $56,250,000
  • Lender: LoanCore Capital
  • Landlord: Mamo Company
  • Loan Type: Refinance
  • Market: Long Beach

Mamo Company secured financing for the Long Beach Marketplace through LoanCore Capital. The owner intends to redevelop a portion of the site into apartments while keeping the retail operations intact.

Players

LoanCore Capital
LoanCore Capital
LENDER

Details

FINANCED
IMAGE: 10/08/2025 ADDRESS: 6405-6411 East Pacific Coast Highway MARKET: Long Beach ASSET TYPE: Retail LENDER: LoanCore Capital LANDLORD: Mamo Company LOAN AMOUNT: $56,250,000 LOAN TYPE: Refinance NOTE: Mamo Co. secured a $56.25 million refinance from LoanCore Capital for the Long Beach Marketplace, an 18.5-acre retail center anchored by Trader Joe’s and soon-to-open Sweetgreen. The Santa Ana-based owner plans to redevelop part of the site into apartments while maintaining 113,000 square feet of retail space with 40 active tenants.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$56,250,000.00

Monthly NOI$375,000.00
Monthly Debt Service$355,538.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00