Bamoza LLC Secures $14.3 Million Refinance For The Plaza At East Cooper In Mount Pleasant SC
603 Frontage Road
$14,300,000
$139/SF
Building Size
102,731 SF
Asset Type
Retail
Closing
Aug 28, 2025
AI
A $14.3 million refinancing loan was arranged for The Plaza at East Cooper, a retail asset with a square footage of 102,731, located at 603 Frontage Road in Mount Pleasant, SC. The shopping center is 85% leased, with ALDI as the anchor tenant.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $14,300,000
- Landlord: Bamoza LLC
- Market: Mount Pleasant, SC
- Loan Type: Refinance
- Brokerage: Eric Tupler, Rob Bova, Ellie Savage & Alexis Kaiser - JLL
The transaction was facilitated by JLL Capital Markets, which arranged the loan on behalf of Bamoza LLC, the borrower, from an insurance company lender.
Players
Mount Pleasant 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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93