Cohen Financial (713-626-7490) has secured $32.7 million in debt placement for four retail properties in CA. The first property Rengstorff Center is a 73 299 sq.ft. anchored community shopping center at the intersection of North Rengstorff Avenue and Leghorn Street in Mountain View CA. Major tenants include Pet Club McDonald’s Krispy Kreme and OfficeMax. Cohen Financial secured $8.4 million in debt placement for the borrower. Terms of the seven-year nonrecourse loan include a two-year amortization schedule a 65% LTV and pricing based on the seven-year U.S. Treasury Index. The second property Evergreen Marketplace II is a 62 000 sq.ft. multi-tenant anchored shopping center located at 4838-4898 San Felipe Road in San Jose CA. The center’s major tenants are Longs Starbucks Wells McDonald’s and La Boulangerie. The company secured $9 million in debt placement for the borrower. Terms of the 15-year nonrecourse loan include a 20-year amortization schedule a 75% LTV and pricing based on the 15-year U.S. Treasury Index. The third property Ripon Town Square is a 71 139 sq.ft. anchored shopping center located at 1201 West Main Street in Ripon CA. The major tenants are Longs and Mar Val Food Store. Cohen Financial secured $4.1 million in debt placement for the borrower. Terms of the 10-year nonrecourse loan include a 30-year amortization schedule a 75% LTV and pricing based on the 10-year U.S. Treasury Index. The fourth property College Greens Shopping Center is a 117 819 sq.ft. shopping center located at 8387-8397 Folsom Boulevard in Sacramento CA that is anchored by Raley’s Grocery Store. Cohen Financial secured $11.22 million in debt placement for the borrower and terms of the three-year nonrecourse loan include an 80% LTV and pricing based on LIBOR.

Continental Wingate Capital (800-332-0372) arranged $12 million in financing for the Pinole Vista Shopping Center in Pinole CA. The property contains six buildings on 15 acres and is anchored by Big Kmart and Albertson’s. In addition to the center the property has four freestanding pads occupied by KFC Goodyear Starbucks and Carl’s Jr. The loan has a rate of 7.1% with a 10-year term and a 30-year amortization with a 74% LTV and 1.31 DSC. Sunrise Mortgage originated this loan for a repeat borrower with Continental Wingate Capital’s branch office located in Orange County CA. In addition the company has opportunities available for the refinancing or purchase of shopping centers. Eligible properties include existing neighborhood or community shopping centers with a minimum physical occupancy rate of 85% and three years of stable or improving occupancy and operating performance in established or emerging markets with a diverse economic base. Anchored centers are preferred and tenant sales history and operating performance should be at or above industry averages and upward trending. Available loan types are seven 10 15 20 and 25-year maturity fixed-rate loans and loans typically are amortized on a 30-year schedule although a fully amortizing loan is available for certain properties. Preferred loan sizes are more than $2 million and rates are fixed at the time of closing. Loans are assumable subject to Continental Wingate Capital approval and a 1% transfer fee and personal liability in nonrecourse subject to standard carve-outs for misrepresentation fraud misappropriation of funds environmental liabilities and bankruptcy. Maximum mortgage is the lesser of 75% of the appraised value or debt service limitation of 1.20 to 1.30.

Wellington Mortgage Capital (310-641-5711) arranged an $8.1 million fixed-rate permanent financing for the acquisition of the Red Rock Center a power center anchored by Office Depot Michaels and 99 Cents Only. Home Depot also is in the center but was not part of the acquisition. The loan has 7.14% fixed interest rate for 10 years and an LTV of 67.50%.