Mar
16
George Smith Partners Secures Refi for SoCal Retail Center
ByThe firm has arranged a $30 million loan for Plaza de Hacienda, a 156,000-square-foot property anchored by Food 4 Less.
Los Angeles—George Smith Partners has secured $30 million in refinancing for Plaza de Hacienda, a 156,000-square-foot grocery-anchored retail center in the La Puente submarket of Los Angeles. The financing was arranged by Shahin Yazdi, principal & managing director for George Smith Partners .
The sponsor, Optimus Properties LLC, had requested a fixed-rate loan with the goal of refinancing its maturing loan for this regional retail center. The sponsor plans to perform capital improvements as needed, and maintain the retail center as a high-profile, cash-flowing asset…
