Regency Capital Partners

Marin Gateway Retail Center


Marin Gateway Retail Center

Summary

The principals of Regency Capital Partners (“RCP”) arranged permanent financing for this ten building, 182,030 square foot retail shopping center located in Marin City, California.

Though the refinancing included a large cash-out and the immediate location has a difficult reputation, RCP was able to convince this CMBS to provide a 10-year, non-recourse, fixed rate loan.


Transaction Details

LOAN AMOUNT $30,000,000
FINANCING TYPE Permanent
LENDER TYPE CMBS Lender
PROPERTY TYPE Retail
PROPERTY ADDRESS
Map
100 Donahue Street
Marin City, CA
PROPERTY DESCRIPTION Built in 1996, the property is an 182,030 square-foot community shopping center housed in ten single-story buildings and is situated on a 20.25 acre site. There are four anchor spaces totaling 121,450 square feet, or 67% of the center. Anchor tenants include Best Buy (48,615 SF), Longs Drugs (19,800 SF), Ross Dress For Less (27,619 SF), and Babies ‘R’ Us (25,416 SF). There are also three food pads totaling 11,378 square feet, or roughly 6% of the center, including Panda Express, Outback Steakhouse, and Burger King.