Orange Street Plaza

Location: Redlands, CA
Type: Retail
Price: $ 20,625,000

SMC has provided a $20,625,000 first mortgage to refinance the existing debt on Orange Street Plaza, a 82,036 SF retail center located in Redlands, CA. The Property, which is shadow-anchored by a Vons (not included in the collateral), is currently 99.68% occupied. Tenant roster includes numerous national retailers such as Trader Joe’s, Office Depot, T-Mobile, US Bank, Scottrade, Vans, H&R Block, and Subway. The loan is cross-collateralized with four other mortgage loans originated by SMC and secured by Foothill Plaza, Front Gate Plaza, Gateway Fashion Mall and Pueblo Shopping Center.