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3/18/10
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(March 9, 2010) – Kevin Burkhalter of Johnson Capital’s Los Angeles office has arranged $9,000,000 in permanent financing for a privately held entity that owns a 99,342 s.f. neighborhood shopping center anchored by a Vons grocery store in Agoura Hills, California. The center is also anchored by a CVS Pharmacy, which is not-a-part of the loan security. The terms of the deal consisted of a fixed rate for a 10-year loan term with interest only payments for the entire 10-years.
This was now the fourth (4th) consecutive time that Johnson Capital arranged a permanent loan on this property for this same client. Of all four, the recently closed loan has the longest term and the lowest interest rate. The Borrower has long adhered to their local, hands-on management efforts and their low-leverage strategy and has been rewarded with the lowest interest rate available and the lowest monthly loan payments.
Completed in 1980, the property is well-maintained, well-leased, and located at a major well-traveled intersection. Financing was arranged through a major insurance company.
Johnson Capital is one of the largest and most prominent real estate investment banking and commercial mortgage brokerage firms in the nation. Since its inception in 1987, aggregate transaction volume has grown to over $29 billion. The firm has 18 offices nationwide, including: Irvine (corporate headquarters), Los Angeles, Encino, San Diego, San Francisco, San Jose, Napa, Phoenix, Denver, Salt Lake City, Dallas, Chicago, Little Rock, Kansas City, New York City, Washington, D.C., Norwalk and Boca Raton.
For More Information, Call:
Kevin J. Burkhalter
Senior Vice President
Johnson Capital
1801 Century Park East, Suite 1550
Los Angeles, CA 90067
310/286-7400 FAX 310/286-7434
310/407-3251 Direct
kjburkhalter@johnsoncapital.com
www.johnsoncapital.com
"Celebrated my 20th Year in 2009 with Johnson Capital et al"
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