Pearlmark RealEstate has secured a $67 million bridge loan to refinancethe Village Walk, a 149,000-square-foot Village Walk in Tarzana isanchored by a Whole Foods, 24 Hour Fitness & TJ Maxx. Theproperty is on Ventura Boulevard and is situated next to the 101Freeway, one of California's busiest thoroughfares.
Annaly Capital Management funded the floatingrate loan with a thirty-month initial
term with two one-year extension options. The funds will be usedto fund capital improvements, tenant improvements and leasingcommissions.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.