Walnut Creek, California – We have news today on Commercial Loans in two excellent areas, the Bay Area of California and Hawaii. Commercial Mortgage Lenders have refinanced a Retail Shopping Center in Walnut Creek, the east Bay Area. The Citrus Marketplace retail shopping center is the collateral for the refinancing of a commercial mortgage. This Commercial Loan was funded in the amount of $19.7 Million.
Doerken Properties Inc. is the borrower for the Commercial Loan on the Citrus Marketplace. This upscale Walnut Creek area is very supportive of Retail Shopping Centers even if some areas are still feeling the economic woes. The commercial loan collateral, Citrus Marketplace is approximately 101,112 square feet of grocery-anchored net leased property in California. The commercial loan will be payed down by net lease Tenants that include Nob Hill Foods, BevMo!, Bank of America, The United States Post Office (USPS), Panda Express and one of our favorites, Carl’s Jr.
Commercial Mortgage Lenders were able to arrange a 10-year, CMBS loan. This commercial loan comes with an attractive 5.69% interest rate and a 30-year amortization schedule. This net leased property received a 70% loan-to-value (LTV) commercial loan. This Retail Shopping Center qualified for the CMBS market (Commercial mortgage-backed securities) as the tenant occupancy is approximately 97%. Nob Hill Foods is a regional California grocer and leases space as the anchor of the retail shopping center. Also our Commercial Mortgage Lenders are prepared to structure CTL Financing for you purchase.
We also have Commercial Loans news from Maui, Hawaii. Commercial Mortgage Lenders have refinanced a retail shopping and entertainment center for a commercial loan in the amount of $80 Million. The Whalers Village shopping and entertainment center in Maui, Hawaii, is the collateral for the commercial loan. This Retail Shopping Center is approximately 110,743-square-feet and is an open-air retail shopping center and entertainment center. This Commercial Loan Collateral is located along the pristine Kaanapali Beach, in West Maui. This Commercial Property, the Whalers Village is almost completely net leased with an excellent list of Tenants. Commercial Mortgage Lenders were able to get the Retail Shopping Center a 10 year fixed-rate loan.
The Whalers Village has Fine Shops & Restaurants and was developed as part of the master-planned, award-winning Kä‘anapali Beach Resort. This retail shopping center is situated on the beautiful three-mile long strip of Kä‘anapali Beach. The Commercial Property is situated on 8.5 acres of scenic Hawaiian land.
Some of the net lease property Tenants to help pay down the commercial loan are Crazy Shirts, Billabong, PACSUN, Quiksilver, Roxy, Tommy Bahama, Coach, Louis Vuitton and Marriott’s Maui Ocean Club. This Commercial Loan collateral is located at 2435 Ka’anapali Parkway, in Lahaina, Maui, with 96761 as the zip code.
We specialize in:
- Commercial Loans for Multifamily Apartment Buildings
- Commercial Loans for NNN Commercial Real Estate (CTL Financing)
- Commercial Loans for Office Buildings, Office Parks
- Commercial Loans for 1031 Exchange financing
If you are seeking to buy investment property, especially in the areas listed below, then fill out our easy Commercial Loan Form
