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$8,900,000 | Rancho Cucamonga, CA building

Rancho Cucamonga, CA

Transaction Type

Loan Refinance


Loan Type

Permanent Loan

Situation & Challenges

  • Refinance of an existing bridge loan
  • 100% leased at loan closing
  • Concentrated rent roll with a total of three tenants
  • Largest tenant was experiencing a decline in sales at this location
  • One of the anchor tenants was not ready to open for business at loan closing
  • Rollover risk during mid-term of the loan

Solutions & Highlights

  • Two of the tenants were in place since the center opened in 1996 and one signed a 12-year lease extension
  • Structured a creative rollover structure
  • 15-year loan term with a flexible prepayment structure after year 10