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Barclays Provides $131.5M Refinance Loan For Retail Portfolio In Turlock, Port Orchard, Madera, Sherwood, Fallon, Grafton & Silverdale

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FINANCED
$131,500,000

California

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Retail
Financed 07/28/2023
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Property Image
FINANCED

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

See Similar Deals
Retail
Financed 07/28/2023
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Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Loan

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

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.

Players

Anthony Longo
32 deals$954.8M volume(312) 218-4445
BROKER

Barclays Bank
LENDER

Details

FINANCED
IMAGE: Anthony Longo DATE: 07/28/2023 ADDRESS: Monte Vista - 2801-3027 Countryside Dr, Port Orchard - 4350 SE Mile Hill Drive, Madera Marketplace - 2001-2295 West Cleveland Ave, Sherwood - 16030 SW Tualatin-Sherwood Rd, Fallon - 2105 W Williams Ave, Grafton - 1827 Wisconsin Avenue, Silverdale Village - 9333-8523 Silverdale Way NW MARKET: Turlock, CA; Port Orchard, WA; Madera, CA; Sherwood, OR; Fallon, NV; Grafton, WI; & Silverdale, WA ASSET TYPE: Retail LENDER: Barclays BROKER: Anthony Longo (@AnthonyJLongo) - Alpha Capital (@AlphaCapitalCRE) LOAN AMOUNT: $131,500,000 LOAN TYPE: Refinance LOAN TERMS: 10 Year CMBS

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$131,500,000.00

Monthly NOI$876,666.67
Monthly Debt Service$831,169.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00