- 12-Year Term, 25-Year Amortization
- 100% Leased at Funding
- Shadow-Anchored by the Arden Fair Mall
Newmark Realty Capital, Inc. has arranged the refinancing for Arden Plaza, a 13,179 square foot multi-tenant retail property situated Sacramento, California. Mitch Zeemont, Principal in Newmark’s San Francisco office, assisted by Production Associate Stephen Scarpulla, arranged the financing for the borrower, a Sacramento based real estate professional. Newmark is the correspondent for the lender, Symetra Financial. All other terms and conditions were not disclosed.
The subject property is ideally situated at an exceptional location for a retail center. Located on Arden Way, the prime retail arterial in the Sacramento region, Aren Plaza is directly across from the Arden Mall, the dominant regional mall. Arden Fair Mall is anchored by Sears, Nordstrom, JC Penny, & Macy’s. The Market Square at Arden Fair Power Center, with Barnes & Noble, Toys “R” Us, Best Buy and a multi-screen movie theater, is also directly across the street. The list of other national retail chains within several blocks of the subject is extensive.
Newmark Realty Capital, Inc. is a full service mortgage banking firm with a strong lineup of correspondent lenders utilizing Newmark’s production, closing and servicing capabilities. Established in 1991, Newmark is currently staffed by over 65 employees in regional offices throughout the western United States. The company services over $8 billion representing 1,000 loans. Newmark has been rated as a Primary Servicer by Standard and Poor’s and is one of a select few non-banking / non-insurance chartered companies with this designation.