Village at Mammoth Lakes

Location: Mammoth Lakes, CA
Type: Mixed Use
Price: $18,200,000

SMC provided a $18,200,000 first mortgage loan to facilitate the acquisition of the Subject. The Loan has a 10-year term with full-term interest-only payments. The Subject is a 93.8% occupied, 57,925 SF mixed-use property located at 6201 Minaret Road, Mammoth Lakes, CA 93546. The Subject is well-located in Mammoth Mountain Ski Area, which has one of the longest ski seasons in North America and attracts over 3 million visitors annually. The Subject is in the primary village area and is situated at the base of the gondola that takes visitors to the Canyon Lodge mountain base area, one of the main ski lifts at Mammoth Mountain. The Subject features a diverse array of national and regional tenants including Starbucks, The Pita Pit, 53 Kitchen & Cocktails and Gomez Mexican Restaurant.