BA Debt Fund LLC Provides $19 Million Refinance Loan For Retail Asset In Rancho Cucamonga
8601 Base Line Road
$19,000,000
$179/SF
Building Size
106,000 SF
Asset Type
Retail
Closing
Mar 10, 2025
AI
The asset involved in this transaction is a retail property located at 8601 Base Line Road in the Rancho Cucamonga market. It encompasses a total square footage of 106,000 and has a loan amount of $19,000,000 associated with it. The purpose of the loan is for refinancing, with a term of 12 months.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $19,000,000
- Address: 8601 Base Line Road
- Market: Rancho Cucamonga
- Asset Size: 106,000 SF
- Lender: BA Debt Fund LLC
- Broker: Preston Davey - Marcus & Millichap
- Loan Type: Refinance
- Loan Terms: 12 Months
The key individuals involved in this transaction include Clay Goldthwait and Hiren Naik from Bolour Associates, Inc., who served as the lender's representatives. Their firm provided liquidity to assist the borrower in reinvesting in other projects while leveraging a cash-flowing retail asset for strategic growth.
Players
Rancho Cucamonga 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93