Plaza Del Amo

LOS ANGELES COUNTY

TORRANCE, CA-Plaza Del Amo LLC has refinanced its 99,584-square-foot Albertsons grocery-anchored shopping center via a $9.6 million loan arranged by Q10 Dwyer-Curlett in this week's roundup of commercial real estate news in the West. The borrower also pulled cash out in the refinancing, noted Dwyer-Curlett’s Shelley Magoffin and Max Sauerman, who arranged the loan with Lincoln National Life Insurance Co., one of the firm's correspondent life insurance companies. Magoffin and Sauerman note that Plaza Del Amo pulled cash out with the refinancing and that the interest rate was locked at acceptance of the loan application at 5.23%. Plaza Del Amo acquired the 100% leased shopping center, which is on Hawthorne Boulevard in Torrance, in 1996. Since then, the project has undergone one major renovation and a number of minor upgrades.

Hansen Heights