Loans

3650 REIT Originates $95M Loan for California Retail Center – Commercial Observer

3650 REIT Originates $95M Loan for California Retail Center – Commercial Observer
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real estate investment capital And DGM Capital Partners Owns Seized $95 million to refinance a 375,000-square-foot shopping center in La Habra, California, the Commercial Observer can report first.

3650 RT loan originated. The sponsors sought to refinance the existing bridging loan on the asset, as well as fund reserves for the continuous improvement of the position.

Located in 1641 Imperial Highway, Shopping Center It is located in the northwest section of Orange County, California, about 20 miles southeast of downtown Los Angeles. Rent in the center includes Farmer’s Market SproutsAnd clever and definitiveAnd Russian dress at a lower priceAnd Regal CinemaAnd Export / LA FitnessAnd Ulta Beauty And many national restaurant chains including Chick Phil AAnd red robinAnd Wendy And Starbucks.

Officials from Real Property Venture Capital and DJM Capital Partners could not immediately be reached for comment.

The 3650 REIT has remained busy across the lending spectrum. I recently lent $60.5 million HONINGTON CHARACTERISTICSThe Vic on Park Row, a 363-unit multifamily property spanning two four-story buildings in Houston.

The original is in 18210 Park Row In the energy corridor of Houston, it is the second largest employment center in the region. The center has more than 300 companies employing more than 94,000 people, including BP America, ConocoPhillips And Shell Oil Company.

The developers of The Vic on Park Row plan to offer amenities that include a game room, entertainment area, business center, conference room, fitness center, club room, bowling alley, outdoor entertainment area with pool, BBQ space, covered cabins, dog park and playground.

In total, 3,650 REITs generated more than $1.45 billion in loans in 2021.

“We have invested in a variety of property types with the support of qualified sponsors throughout 2021, with a hands-on and detailed approach to each project,” Jonathan RothCo-Founder and Managing Partner of 3650 REIT, according to the Commercial Observer. “In 2022, 3650 will continue its differentiated strategy to unleash the trapped equity value of borrowers who have already invested in projects via our preferred equity investment platform, while creating other high-quality, long-term loans. All while maintaining a commitment to building long-term relationships with the borrower and investing in fundamentally strong transactions.”

Hunington Properties officials did not immediately respond to a request for comment.

Emily Fu can be reached at: EFu@commercialobserver.com.

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