
TORRANCE, CA
$8,000,000
Retail / Refinance
1st Lien Position
Torrance, CA
– 80,000 square foot retail center in Torrance, CA
– Half of the property was an owner-operated bowling alley
– Cash flow was negatively impacted due to COVID-19 and a bridge loan was needed to refinance two loans on the property
– The West Bay loan also provided a 12 month interest reserve
– The property was listed for sale as a redevelopment opportunity shortly after the West Bay loan closed