facebook
Traded Co logo
Submit

Convoy Capital Provides $13.8 Million Refinance Loan For Retail Property In California

Property Image
FINANCED
$13,800,000

California

See Similar Deals
Retail130,000 SF
Financed 12/27/2024
the dealplayerscompscontact
Property Image
FINANCED

Convoy Capital Provides $13.8 Million Refinance Loan For Retail Property In California

32 Eclipse

See Similar Deals
Retail130,000 SF
Financed 12/27/2024
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$106
Total Square Footage:130,000 SF
Transaction Type:Loan

The property asset involved in this transaction is located at 32 Eclipse, California, featuring a retail space with a total square footage of 130,000. The loan amount secured for this property is $13,800,000, which is classified under refinance loans. The financing terms include a 5.55% interest rate with a 30-year amortization period and no prepayment penalty.

Summary of transaction details:

The key individuals involved in this transaction include the lender, Convoy Capital, represented by Garryn Laws. Additionally, Brent Hanna and Nick Yaldo represent Encore Real Estate Investment Services in this deal. The landlord of the property is Anthony Goodoy, who holds ownership rights in this retail asset.

Players

Garryn Laws
8 deals$209.6M volume
BROKER

Brent Hanna
Encore Real Estate Investment Services
4 deals$36.2M volume
BROKER

Nick Yaldo
Encore Real Estate Investment Services
1 deal$13.8M volume(248) 970-2648
BROKER

Convoy Capital
LENDER

Details

FINANCED
IMAGE: Nick Yaldo, Garryn Laws & Brent Hanna DATE: 12/27/2024 ADDRESS: 32 Eclipse MARKET: California ASSET TYPE: Retail ~ SF: 130,000 LENDER: Convoy Capital LANDLORD: Anthony Goodoy LENDER'S REP: Garryn Laws - Convoy Capital (@Convoy_Capital); Brent Hanna (@BrentHanna) & Nick Yaldo - Encore Real Estate Investment Services LOAN AMOUNT: $13,800,000 LOAN TYPE: Refinance LOAN TERMS: 5.55% Rate - 30 year amortization - No prepayment penalty

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$13,800,000.00

Monthly NOI$92,000.00
Monthly Debt Service$87,225.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00