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.