Cushman & Wakefield Mortgage Services Closes a $46MM 10-Year Fixed Rate Loan for Montecito Plaza in San Rafael

Kurt Scheidt and Terry Daly with Cushman & Wakefield’s Mortgage Services have closed on the $46 million refinancing of the Montecito Plaza shopping center in San Rafael, CA. The Cushman & Wakefield team arranged a fixed rate, forward commitment that closed in February on behalf of the longtime owner/operator Seagate Properties.

Located at Third and Grand streets, Montecito Plaza features key retailers such as Trader Joe’s, Petco, Pier 1 Imports, Rite-Aid, plus a wide variety of restaurants, professional and services retailers.

West Coast Commercial Real Estate News