Grocery anchored center cash-out in Bakersfield, CA

 

Oildale section of Bakersfield, CA

 

  • $8,100,000
  • 75% ltv cash-out refinance for 80% occupied grocery anchored shopping center
  • 88,000 SF Grocery Anchored Shopping Center built in 1972
  • Overcame environmental remediation concerns and newly opened Walmart Neighborhood Market less than 1 mile away
  • Funded by foreign multinational bank