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Financing Proposal Defense Leads to $20M Refi

WALNUT CREEK, CA-The location and tenant base of Citrus Marketplace here, made it an ideal candidate for debt financing through the emergent CMBS market, says an industry source.

By Natalie Dolce | Updated on March 10, 2011

WALNUT CREEK, CA-Doerken Properties Inc. has refinanced the Citrus Marketplace retail center here, according to principal and managing director, Gary Mozer of commercial real estate banking firm, George Smith Partners, which arranged the $19.7-million loan. Mozer was assisted by senior vice president, Steve Orchard; senior vice president, Josh Roseman and vice president, Michelle Lee.

Citrus Marketplace is a 101,000-square-foot grocery-anchored, retail center. The center’s tenants include Nob Hill Foods, BevMo!, Bank of America, the US Post Office, Panda Express and Carl’s Jr.

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