Case Study:

The Marketplace @ Palm Desert

Palm Desert, CA

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Procured high net worth private investor that met specific financial requirements to assume and re-cast an existing swap rate loan.

The Hanley Investment Group Advantage

  • Procured High Net Worth Private Investor from Southern California
  • Buyer Assumed and Re-Cast Swap Rate Loan with Wells Fargo Bank¬†
  • Buyer Met Specific Financial Requirements with Wells Fargo to Properly Qualify and Assume the Existing Loan
  • Record Low Cap Rate for Grocery/Drug Anchored Shopping Center in the Coachella Valley

Sale Specifics

  • Grocery/Drug Anchored Shopping Center
  • 96,000 SF; 90% Occupancy
  • Anchored by Stater Bros, Walgreens, True Value Hardware