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Rancho Cucamonga, Calif. — Cohen Financial has secured an $8.9 million loan for Town Center Square, a 60,553-square-foot shopping center located roughly 40 miles outside downtown Los Angeles in Rancho Cucamonga.
The property is fully leased to tenants including Aldi, Office Max and Barnes & Noble. Cathy Bronkema of Cohen Financial secured the fixed-rate, non-recourse 15-year term loan with a flexible prepayment structure and a 25-year amortization schedule. A private balance-sheet lender provided the financing, which was used to payoff an existing bridge loan.