Continental Partners Secures $21.4 Million Refinancing for Two Retail Centers in California

The 152,719-square-foot shopping center is located at 5400 Date Ave. in Sacramento. The 152,719-square-foot shopping center is located at 5400 Date Ave. in Sacramento.

Los Banos and Sacramento, Calif. — Continental Partners, formerly known as Continental Funding Group, has secured $21.4 million in refinancing for two shopping centers located in Sacramento and Los Banos.

J.M. Grimaldi of Continental arranged a $9.5 million loan to refinance a 149,620-square-foot retail property located at 911-963 West Pacheco Blvd. in Los Banos; and an $11.9 million loan to refinance a 152,719-square-foot shopping center located at 5400 Date Ave. in Sacramento. The borrower was an undisclosed private real estate investor that specializes in acquiring and repositioning underperforming assets.

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