Gardena Valley Shopping Center

,
Gardena Valley Shopping Center

Property:

A 130,000-sf neighborhood shopping center anchored by Von?s and Rite Aid.

Location:

Gardena, CA

Financing:

$18 million construction loan representing 90% of total project costs, plus a $20 million 24-month forward commitment for permanent financing. The financing was arranged through a pension fund that provided flexibility on structuring issues (e.g. no yield maintenance in the event the borrower did not take down the entire $20 million permanent loan).

Skills

Posted on

July 28, 2015