Filler Capital Secures $1,365,000 Loan For Acquisition Of Retail Center In Citrus Heights

The property asset involved in this transaction is an unanchored retail center located at 8215 Auburn Boulevard in Citrus Heights, California, encompassing a total area of 16,000 square feet. The acquisition financing for this retail asset amounts to $1,365,000, secured through a loan with a term of 7 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,365,000
• Lender: Golden 1 Credit Union
• Loan Type: Acquisition
• Loan Terms: 7 years
• Loan Structure: Flexible hybrid financing
• Initial Fixed Rate: In the 5s
• Brokers: Jordan Gellman, Isaac Filler, Steven Edelstein & Shaya Hirtz - Filler Capital

The deal was facilitated by brokers Jordan Gellman, Isaac Filler, Steven Edelstein, and Shaya Hirtz, who represented the financing aspects of the acquisition. The transaction showcases their strong sponsorship and understanding of the asset's narrative and needs in a competitive lending environment. Their collaboration with Golden 1 Credit Union was crucial to executing this financing successfully.