CBRE Capital Markets’ Debt and Structured Finance team has secured $15 million in refinancing for Lincoln Square Shopping Center, a 44,438-square-foot grocery-anchored shopping center located at 4100 Redwood Rd. in Oakland. The non-recourse loan was provided by an undisclosed lender with a 10 year term and interest only payments on behalf of the California based private retail real estate operating company landlord.
Shaun Moothart, Bruce Francis, Doug Birrell and Bob Ybarra were pleased to advise the institutional sponsor on this financing during a volatile time in the capital market: “We are pleased to have advised a world class institutional sponsor on the execution of this financing during a volatile time in the capital market,” said Moothart.
The property encompasses three buildings situated over 4 acres of land within Oakland’s hills area; it is anchored by Safeway as well as CVS Pharmacy, Peet’s Coffee & Tea , Jamba Juice and UPS Store among other tenants . Built initially 1963 , extensive redevelopment works took place throughout 2019 modernizing its facilities .
