Barry Slatt Mortgage CEO, Daniel Friedeberg, along with Commercial Mortgage Banker, Kelvin Lam recently secured an $11,000,000 construction loan on a grocery anchored retail shopping center in Northern California. The subject property was a single tenant grocery store preleased to Smart and Final. The store is located in an A quality location within the San Francisco Bay Area. The construction project involves rehabbing an existing vacant building for the subject tenant.
The loan was placed through Friedeberg and Lam because of their knowledge and expertise of the real estate market, strong relationship with the borrower, and experience in placing comparable construction loans.