CBRE Secures $28 Million in Refinancing for Jamboree Promenade

CBRE has secured a $28 million loan to refinance Jamboree Promenade, a 57,314 square-foot retail center located at 2626 - 2646 Dupont Drive in Irvine, Calif.

Shaun Moothart, Bruce Francis, Bob Ybarra, Doug Birrell and Nick Santangelo from CBRE’s Debt & Structured Finance team arranged the seven-year, fixed-rate loan on behalf of the borrower, a Singapore based investor.

"We are proud to have facilitated this financing for Jamboree Promenade, a premier retail destination in the heart of Irvine along the rapidly expanding Jamboree corridor,” said Moothart. “This transaction underscores the strength of the asset and the confidence capital markets continue to place in high-quality retail within core markets. We appreciate the collaboration with the lender and our client in achieving a structure that aligns with long-term objectives."

Jamboree Promenade is strategically positioned in one of Orange County’s most densely populated areas. The property was built in 1989 and has 28 retail suites.