Gantry Secures $12.8M Loan For Recapitalization Of Retail Property In Riverside
7200 Arlington Avenue
Retail
99,000 SF
99,000 SF
Financed 90 days ago
Summary
A $12.8 million loan has been secured by Gantry for the recapitalization of a 99,000-square-foot grocery-anchored retail property located at 7200 Arlington Avenue in Riverside, California. The property is anchored by Stater Bros, AutoZone, and Ross, making it a attractive investment option in the Riverside market.
Summary of transaction details
- Property Type: Retail
- Loan Amount: $12,800,000
- Loan Type: Recapitilization
- Loan Terms: 5 year & features an attractive fixed-rate, interest-only payments, and pre-payment flexibility in years four and five.
- Market: Riverside
- Address: 7200 Arlington Avenue
- Square Footage: 99,000
Gantry's Los Angeles office arranged the financing for this transaction, which was offered by one of their correspondent life company lenders. The financing offers an attractive fixed-rate and pre-payment flexibility, making it a favorable option for the recapitalization of the retail property.
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7200 Arlington Avenue
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