Gantry Secures $12 Million Loan To Refinance Rock River Plaza Retail Center In Moline, IL
3820 44th Avenue Drive & 3900 44th Avenue Drive
$12,000,000
$15/SF
Building Size
389,375 SF
Asset Type
Retail
Closing
Jun 2, 2026
About this deal
AI
Rock River Plaza is a 389,375-square-foot retail power center located at 3820-3900 44th Avenue in Moline, IL. The property includes national tenants such as Walmart, Lowe’s, Marshalls, and Chick-fil-A, and is strategically positioned along John Deere Road with access to I-74, serving the broader Quad Cities trade area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,000,000
- Loan Type: Permanent
- Loan Terms: five-year, fixed-rate, non-recourse
- Brokers: Joe Monteleone & Rulin Dai - Gantry
Gantry was responsible for securing a $12 million low-leverage, fixed-rate CMBS permanent loan for the refinancing of the property, which is owned by a private investor. The deal was facilitated by brokers Joe Monteleone and Rulin Dai, who represent the interests of the parties involved in this transaction.
On the Map
$12,000,000
$15/SF
Retail
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Tall Timbers Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93