Closed
Refinance of a Grocery Anchored Retail Center in Southern California
Refinance of a 130,000 square foot grocery anchored retail center in Southern California.
Transaction Overview
At a glance: illi Commercial Real Estate closed the $24,000,000 refinance of a 130,000-square-foot grocery-anchored retail center in Southern California, financed through the CMBS market.
Grocery-anchored shopping centers are among the most resilient retail formats. A grocery anchor generates frequent, necessity-driven visits that bring steady traffic to the center’s inline shop tenants, supporting occupancy and rent collections.
That durable, needs-based tenancy made the property a strong candidate for commercial mortgage-backed securities (CMBS) financing, allowing ownership to refinance the center at scale. Learn more about our commercial real estate investment services.
Deal Highlights
- Grocery AnchorNecessity-based anchor drives consistent, recurring customer traffic.
- Institutional ScaleApproximately 130,000 square feet of retail space.
- CMBS Execution$24,000,000 refinance placed through the CMBS market.
- Southern CaliforniaLocated in one of the largest retail markets in the U.S.
Frequently Asked Questions
Where is this retail center located?
The property is a grocery-anchored retail center located in Southern California.
What type of transaction was this?
This was a $24,000,000 refinance of a 130,000-square-foot grocery-anchored retail center, financed with a CMBS loan.
What is a CMBS loan?
A CMBS (commercial mortgage-backed securities) loan is a commercial mortgage that is pooled with other loans and sold to investors as bonds. CMBS loans are commonly used for stabilized, income-producing properties and are typically non-recourse with longer terms.
Why do lenders like grocery-anchored retail centers?
Grocery stores draw frequent, needs-based shopping trips that are less affected by e-commerce. That steady traffic supports the center’s other tenants and helps produce the stable cash flow lenders look for.
Can illi help finance or refinance my commercial property?
Yes. illi Commercial Real Estate helps owners and investors source and structure financing for acquisitions, refinances, and recapitalizations. Contact our team to discuss your property.
Financing, refinancing, or recapitalizing a property?
illi Commercial Real Estate sources and structures debt and equity for commercial property owners and investors.
