January 3, 2017 Comments Off on HFF Arranges Moreno Valley Retail Center Refi Views: 247 California, California News, Inland Empire, West

HFF Arranges Moreno Valley Retail Center Refi

Holliday Fenoglio Fowler, L.P. secured $7.3 million in refinancing for Ironwood Plaza, a 56,289-square-foot retail property in Moreno Valley, CA. The 99 Cents Only Store-anchored center is situated on 4.5 acres at 23900 Ironwood Ave., and is close to the 60 freeway.

HFF’s Jeff Sause placed the 10-year, 4.8%, fixed-rate loan with a local bank on behalf of a private investor borrower. Loan proceeds were used to pay off an existing CMBS loan and cover leasing and closing costs.

In addition to the 99 Cents Only Store, Ironwood Plaza is home to such tenants as Bank of America, Aqua Pura, Angela’s Nail Salon, Lorenzo’s Italian Restaurant and Video Vision. The two-building retail center was renovated in 2005.

Read more at HFF

Connect With HFF’s Sause

For comments, questions or concerns, please contact Dennis Kaiser

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , , ,

Comments are closed.