Orange County Retail

Location: Stanton and Paramount, CA
Type: Retail
Price: $ 7,750,000

SMC has provided a $7,750,000 first mortgage to refinance an existing CMBS loan secured by Orange County Retail. The Property contains three separate properties in Paramount and Stanton, CA. The Loan returned approximately $1,085,000 to the Borrower. The properties boast long term tenancy. On average, the tenants have been at the Properties for approximately 8 years and approximately 21 tenants comprising approximately 66% of the occupied NRA have renewed their leases at the Properties at least one time.