5400 Date Avenue One of the funded properties is a shopping center in Sacramento.

SACRAMENTO—With the Federal Reserve raising interest rates and Dodd-Frank regulations taking effect, many lenders are exercising caution when it comes to financing deals, especially in secondary markets such as Sacramento. Those with challenging tenant mixes are also subject to scrutiny.

A recent example of those types of challenges came when commercial real estate mortgage banking firm, Continental Partners, formerly known as Continental Funding Group, successfully secured $21.4 million in refinancing for two retail centers. The subject properties were a 152,719-square-foot shopping center located at 5400 Date Ave. in Sacramento and a 149,620-square-foot retail property located at 911-963 West Pacheco Blvd. in Los Banos, CA. The financing was arranged by Continental Partners executive vice president J.M. Grimaldi.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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