The LA Deal Sheet

Originally Published: Bisnow

On behalf of a private investor, SRS Real Estate Partners’ has secured a $6.5M loan for the acquisition of Mimi’s Plaza, a 30,800 SF multi-tenant retail center in Tustin. SRS’ Debt & Equity team of Ben Townsend and Matt Marlin structured the nonrecourse, five-year loan. The interest rate was fixed at 4.65% and the loan was amortized over 30 years, according to the news release. Built in 1990, Mimi’s Plaza is a three-building retail property on 2.39 acres at 13911, 13931 and 13951 Carroll Way.