**Grocery-Anchored Rancho Cucamonga Retail Center Secures $19M Cash-Out Refi**
Bolour Associates Inc., through its affiliate BA Debt Fund LLC, has provided a $19 million, 12-month cash-out refinance loan for a well-located retail center in Rancho Cucamonga, California. The 106,000-square-foot property is situated at 8601 Base Line Road and is anchored by a Smart & Final grocery store. Currently, the center enjoys a 99% occupancy rate with a strong mix of tenants.
The financing solution offered by Bolour Associates enabled the borrower to unlock equity from the property, allowing for reinvestment in other real estate opportunities. This type of liquidity is not commonly offered by traditional lenders, especially in constrained capital markets.
“Bolour specializes in adaptable financing solutions,” said Mark Bolour, CEO of Bolour Associates. “We tailored this loan to support the growth of the borrower’s portfolio, providing both liquidity and pre-payment flexibility in a challenging lending environment.”
Preston Davey of Marcus & Millichap represented the borrower in the transaction.
