Foothill Center

Location: Corona, CA
Type: Retail
Price: $13,350,000

SMC provided a $13,350,000, ten-year fixed rate loan on a 33,741 sf unanchored retail center located in Corona, CA, approximately 48 miles east of Los Angeles CBD. The collateral consists of 4 single story pad buildings and 1 unanchored multi-tenant strip retail. At time of closing, the subject was 89% leased to 17 national and regional tenants.