California Shopping Centers
Advisors:
David Bruni
State: California
Lender type: Bank
Property type: Retail
Transaction type: Refinance
Loan amount: $8,150,000
TRANSACTION DESCRIPTION
David Bruni, Commercial Mortgage Banker at Barry Slatt Mortgage, recently placed a combined $8,150,000 spread across 2 retail shopping center loans in California. The transactions required structured financing due to secondary locations, vacancy, and the anchor tenants nearing option periods.
The deals were structured with partial recourse with fixed rate loans versus bridge financing. The loans were placed with a Bank lender that Barry Slatt Mortgage Company has confidence in execution and delivery of initial terms.
