Buie Stoddard Group secured a refinancing package for five shopping centers in Southern California. The Laguna Niguel-based investment firm secured a $54 million credit facility from Refinance Group of America and River City Bank, Commercial Observer reported. The individual loans ranged from $5 million to $25 million. Four of the properties are in Orange County, and one in San Diego County. Quality renovations and “standout locations” won Buie Stoddard “favorable 10-year fixed-rate pricing with long-term amortizations,” said MetroGroup Realty Finance’s Patrick Ward, who arranged the financing on behalf of the firm. The Orange County portfolio includes the Commons at Aliso […]
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