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$16,000,000

For Plaza on Main
in Alhambra, CA

Financing Type: Fixed-Rate
Property Type: Mixed
Term: 10 Years
Amortization: 30 Years

Transaction Contacts

  • George H. Mitsanas
    Los Angeles Office
    (310) 846-5300

  • Michael Heagerty
    San Francisco Office
    (415) 956-7600

Share this Transaction

Mixed

The 10-year loan was placed with one of Newmark’s correspondent life insurance company lenders using general account funds. The structured transaction involved numerous hurdles including a tax abatement regulatory agreement, bond encumbrance, and an age restricted covenant.

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