$2.1 Million Refinance Secured For Retail Asset At 1610 Montana Avenue In Santa Monica

The property asset involved in this transaction is located at 1610 Montana Avenue in Santa Monica. This retail asset has a total square footage of 11,593. The loan amount for the property is $2,100,000, structured as a refinance with a loan term of 5 years fixed at an interest rate of 6.07%, a one-year interest-only period, and a 30-year amortization schedule.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $2,100,000
• Loan Type: Refinance
• Loan Terms: 5-Years Fixed at 6.07%, One Year IO, 30 Year Amortization
• Address: 1610 Montana Avenue
• Market: Santa Monica
• Notable Tenants: Pinkberry, Forma
• Broker Representatives: David Oheb, Max Jacobson, and Morgan Ben-Moshe - Meridian Capital Group

David Oheb, Max Jacobson, and Morgan Ben-Moshe are the broker representatives involved in this transaction, representing Meridian Capital Group. Their expertise in the market is key to securing financing solutions that align with client portfolios.