Transaction Overview
The Alison Company/George Smith Partners secured a $5.25 million refinancing of Sunnymead Plaza, a shadow-anchored retail center in Moreno Valley, California. The new first trust deed was refinanced with the existing lender and third-party reports were waived. The 3-year initial term includes scheduled rate resets through the amortization period.
The Alison Company/GSP secured this loan with a longstanding life insurance correspondent lender.
