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1/09/23
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Market Place at Town Center, a 134.6k sf retail center in El Dorado Hills, CA, landed a new refi loan for $16.75 mil. El Dorado Hills is a suburb of the Sacramento MSA.
The property is located at the intersection of Hwy 50 and Latrobe Rd in the heart of the affluent, master planned community’s 2.5 msf El Dorado Hills Town Center retail district. Anchored by Nugget Markets grocers, Market Place also includes a wide range of retail, restaurant, convenience, beauty, and professional services tenants.
Robert Slatt and Andrew Ferguson with Gantry secured the financing on behalf of the borrower, a private real estate investor. The 10-year, fixed-rate, non-recourse loan was secured from a regional bank lender at an attractive rate conducive to the sponsor’s legacy hold strategy. According to Slatt, grocery anchored retail centers remain solid performers post COVID, with a range of lenders willing to fund loans for centers like Market Place at Town Center featuring these essential retailers.
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