$10,000,000 Low Leverage Refinance of Baby’s R’ Us Anchored Los Angeles Retail

MEI successfully closed a $10,000,000 CMBS loan on a 1980’s vintage, 95% occupied Baby’s R Us anchored community shopping center in Los Angeles. The 95,000 square foot Center is 97% occupied by a mix of national and regional tenants. The anchor recently extended their lease for an additional 10 years.  Borrower opted for low leverage […]