Monte Vista Plaza

Location: Tulare, CA
Type: Retail
Price: $7,800,000

SMC provided a $7,800,000 first mortgage loan to refinance the existing debt on the Property. The Loan has a 10-year term with 60 months of interest-only payments, followed by a 30-year amortization. The Subject is comprised of the leasehold interest in a 92.5% occupied, 82,590 SF anchored retail property located at 969-1089 E. Prosperity Avenue, Tulare, CA 93276. The Property is anchored Smart & Final and 99 Cents Only.