NEWPORT BEACH, CA-Entities controlled by Stoneridge Capital Partners have refinanced shopping centers in Indian Wells, CA and in Oahu, HI via a 10-year, $48 million fixed-rate loan. The properties are the 104,000-square-foot Villages at Indian Wells and the 180,000-square-foot Mililani Shopping Center.

The financing was arranged by senior vice president Amos Smith and vice president Ryan Chapman of the Irvine office of Johnson Capital. The loan was provided by Hartford, CT-based Cornerstone Real Estate Advisors. The non-recourse financing included provisions designed to meet the potential future needs of the borrower’s ownership structure.

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