CBRE Secures $43 Million Refinancing for El Paseo Shopping Center in California

by Hayden Spiess

South Gate, Calif. — CBRE has secured a $43 million loan for the refinancing of El Paseo Shopping Center in South Gate, a suburb of Los Angeles. Tenants at the 300,000-square-foot retail center include Regal Edwards Theatres, Curacao, Planet Fitness, Starbucks Coffee, Union Bank, GNC, Panda Express, T-Mobile and Hooters. Bob Ybarra, Shaun Moothart, Bruce Francis, Doug Birrell, Nick Santangelo and Jim Korinek of CBRE arranged the five-year, full-term interest-only, nonrecourse financing on behalf of the undisclosed borrower.

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