The Long Beach Marketplace, an outdoor retail center with plans to add residential development has scored a $56 million refinance, its owner Mamo Company told The Real Deal. LoanCore Capital Real Estate Investment Trust, a LoanCore Capital funding vehicle, provided the fresh $56.25 financing on the property, which is home to a Trader Joe’s and a soon-to-open Sweetgreen, among other tenants. About five years ago, Santa Ana-based Mamo bought out its partner Pacific Castle for $67 million, The Real Deal reported at the time. Mamo later received a $55 million, five-year bridge loan from Korth Direct Mortgage to refinance the […]
This article originally appeared on The Real Deal. Click here to read the full story.
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