Barclays Provides $131.5M Refinance Loan For Retail Portfolio In Turlock, Port Orchard, Madera, Sherwood, Fallon, Grafton & Silverdale
Monte Vista - 2801-3027 Countryside Drive, Port Orchard - 4350 Southeast Mile Hill Drive, Madera Marketplace - 2001-2295 West Cleveland Avenue, Sherwood - 16030 Southwest Tualatin-Sherwood Road, Fallon - 2105 West Williams Avenue, Grafton - 1827 Wisconsin Avenue, Silverdale Village - 9333-8523 Silverdale Way Northwest
Summary
The retail properties involved in the loan transaction include Monte Vista in Turlock, CA; Countryside Dr and Mile Hill Drive in Port Orchard, WA; Madera Marketplace in Madera, CA; SW Tualatin-Sherwood Rd in Sherwood, OR; W Williams Ave in Fallon, NV; Wisconsin Avenue in Grafton, WI; and Silverdale Village on Silverdale Way NW in Silverdale, WA. These properties are part of the collateral for the loan provided by Barclays.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $131,500,000
- Lender: Barclays
- Broker: Anthony Longo - Alpha Capital
- Loan Type: Refinance
- Loan Terms: 10 Year CMBS
The loan was facilitated through Anthony Longo of Alpha Capital, who acted as the broker in this transaction. The loan amount of $131,500,000 was provided by Barclays for the purpose of refinancing the retail properties mentioned above. The loan terms consist of a 10-year CMBS (commercial mortgage-backed securities) arrangement.
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