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

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:

• Property Type: Retail
• Transaction Amount: $13,800,000
• Asset Address: 32 Eclipse
• Market: California
• Lender: Convoy Capital
• Landlord: Anthony Goodoy
• Lender's Representative: Garryn Laws - Convoy Capital; Brent Hanna & Nick Yaldo - Encore Real Estate Investment Services
• Loan Type: Refinance
• Loan Terms: 5.55% Rate - 30 year amortization - No prepayment penalty

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.