$11,500,000
Permanent Loan

Mercado_Fixed

Recapitalization
Mercado Plaza & Plaza Las Flores
Palm Springs, CA
76,000 SF of Retail Space

Principals of Schelin Uldricks & Co. arranged a non-recourse permanent loan that was cross collateralized by two retail centers fronting Highway 111 in Palm Springs, Ca. The financing enabled the ownership group to obtain more favorable terms by combining the properties under one loan than they would have received by financing them individually.

Posted in