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3/25/25
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8601 Baseline Rd, Rancho Cucamonga |
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BOLOUR ASSOCIATES -- Bolour Associates Inc has provided a $19 mil, 12-month cash-out refinance loan through its affiliate, BA Debt Fund LLC (BOLOUR), for a 106k sf retail center located at 8601 Baseline Rd in Rancho Cucamonga. Anchored by a Smart & Final grocery store, the center is 99% leased with a mix of tenants. Preston Davey of Marcus & Millichap arranged the loan.
GANTRY -- Tony Kaufmann, Alex Poulos and Joe Foley with Gantry arranged a $17.3 mil permanent loan to refinance the Bayside Tech Center, a light-industrial multi-tenant asset located at 47281 and 47361 Bayside Pkwy in Fremont, an East Bay submarket south of Oakland on the I-880 corridor. The asset features two tenant suites encompassing 86k sf, 100% leased and occupied by two high-tech manufacturing tenants in long-term agreements. The 10-year, fixed rate, non-recourse loan was provided by a life company lender and features an initial lockout period followed by flexible prepayment options through the remainder of the loan.
MARCUS & MILLICHAP CAPITAL CORPORATION -- Marc Cesarec with Marcus & Millichap Capital Corporation (MMCC) arranged $6.37 mil for the refinancing of a retail property tenanted by Pet Supreme, located at 20900 Sherman Way in the west San Fernando Valley community of Canoga Park. The tenant is a pet supply store with locations throughout California. The Sherman Way location is slated for its grand opening on March 15, 2025. The loan was funded by a national direct lender on behalf of a private client. Terms of the 30-year loan include full-term amortization and a 60% loan-to-value.
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