CBRE Arranges $43M Refinance For El Paseo Shopping Center In South Gate

The El Paseo Shopping Center in South Gate, Los Angeles, with a retail space of 300,000 square feet, located at 8634 Garfield Avenue, was refinanced for $43,000,000. The loan secured by CBRE agents is a five-year, full-term interest-only, nonrecourse loan. Tenants in the shopping center include Regal Edwards Theatres and Planet Fitness.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $43,000,000
• Market: South Gate
• Brokers: Bruce Francis, Doug Birrell, Jim Korinek, Nick Santangelo, Robert Ybarra & Shaun Moothart - CBRE

The refinancing for the El Paseo Shopping Center in South Gate, Los Angeles, was arranged by CBRE agents for an undisclosed borrower. Bruce Francis, Doug Birrell, Jim Korinek, Nick Santangelo, Robert Ybarra, and Shaun Moothart from CBRE were instrumental in securing the $43 million loan for this property.