BOLOUR Provides $14.2 Million Refinancing For Retail Asset In Los Angeles With Jeff Sause As Representative

The transaction involved a retail asset located in Los Angeles. A refinance loan amounting to $14,200,000 was secured to facilitate the transition of ownership to a nonprofit organization while navigating a departing anchor tenant and lease-up exposure challenges.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $14,200,000
• Loan Type: Refinance
• Loan Terms: 24 Months
• Lender: Mark Bolour, DaJuan Bennett & Jason Huang - BOLOUR; BA Debt Fund
• Landlord's Representative: Jeff Sause - JLL

The lenders recognized the value of the urban infill location, citing strong traffic and proven national tenants as key factors. The structured funding was designed to pay off an existing loan, cover tenant improvement and leasing costs, as well as interest reserves, providing the borrower with the necessary runway to confidently execute their plans.