Updated Feb 5, 2025
Barclays Provides $131.5M Refinance Loan For Retail Portfolio In Turlock, Port Orchard, Madera, Sherwood, Fallon, Grafton & Silverdale
2801-3027 Countryside Dr Turlock, CA 95380, USA
$131,500,000
Building Size
—
Asset Type
Retail
Closing
Jul 28, 2023
About this deal
AI
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.
On the Map
$131,500,000
Retail
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Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93