HFF secures $11.5 million refinancing for Orange County, CA mixed-use property

  

LOS ANGELES, CA – The Los Angeles office of HFF (Holliday Fenoglio Fowler, L.P.) has secured an $11.5 million refinancing for Plaza Empresa (top left photo), an 87,943-square-foot mixed-use property in Rancho Santa Margarita, California.

HFF director Chris Vittetoe (middle right photo) and senior managing director Paul Brindley (lower left photo)  represented the borrower in the transaction. 

 An adjustable-rate non-recourse loan was provided by Prime Finance, a commercial real estate finance company with offices in San Francisco, Chicago and New York.

“HFF successfully recapitalized a matured CMBS loan due to the high barriers to entry of Rancho Santa Margarita and strong sponsorship,” said Vittetoe.

Plaza Empresa is situated on a 7.17-acre site at 29821-29941 Aventura with excellent access to the 241 Toll Road in Orange County. 

The property was renovated in 1997 and includes five single-story buildings that are 70% leased to primarily service retail, restaurants and medical office tenants.

Contacts: 

Christopher Vittetoe, HFF Director, (310) 407-2100, cvittetoe@hfflp.com

Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500,
krmurphy@hfflp.com