Southern California CVS

Producer: Alex Chenarides
City: Norwalk
State: California
Lender type: CMBS
Property type: Retail
Transaction type: Purchase
Loan amount: $8,300,000
Southern California CVS

Previous

Next

Case Study

Barry Slatt Mortgage Senior Vice President, Alex Chenarides, recently closed an $8,300,000 loan on an existing CVS location in Southern California. The loan was secured with a CMBS lender with a 10 year I/O loan.  The tenant recently renewed the lease for 25 years with 5% increases every 5 years. The loan was underwritten at 63% LTV and a 7.75% debt yield.

Similar Transactions

Case Studies
PROPERTY LENDER TYPE TRANSACTION TYPE LOAN AMOUNT PRODUCER
Smart and Final Construction Bank Construction $11,000,000 Daniel Friedeberg
PROPERTY LENDER TYPE TRANSACTION TYPE LOAN AMOUNT PRODUCER
Texas Apartments Life Insurance Company Refinance $11,200,000 Paul Schroeder
PROPERTY LENDER TYPE TRANSACTION TYPE LOAN AMOUNT PRODUCER
Light Industrial Portfolio Life Insurance Company Refinance $20,000,000 Paul Schroeder