HUNTINGTON BEACH, Calif., Oct. 19, 2023 /PRNewswire/ — Schelin Uldricks & Co. announces that it has arranged a $5,700,000 loan to refinance a single tenant NNN building in Sebastopol, CA that is fully occupied by Guayaki Yerba Mate Tea Company. The property totals approximately 36,000 square feet and is utilized primarily as office and warehouse space but also includes a café that fronts highway 12.
“This loan replaces a financing we did on the property back in 2017 for the same owner. We were able to execute a refinance with a local credit union at a better interest rate than what we are seeing from the securitized lending markets. The loan also provided significant cash out so our client can take advantage of some great acquisition and development opportunities that they are currently seeing in the market,” commented Ethan Schelin, Managing Partner.
The Guayaki Tea building is located inside of The Barlow, a 12-acre Bay Area outdoor market district that features local food, wine, beer, spirits and crafts made onsite by Sonoma County artisans.
About Schelin Uldricks & Co.
Schelin Uldricks & Co. offers investment banking services with a focus on providing capital solutions to real estate companies and other mid-sized businesses.
Headquartered in Huntington Beach, California, Schelin Uldricks & Co. embodies a progressive entrepreneurial culture focused on integrity, transparency, execution, and ingenuity. The founding partners bring extensive capital markets experience in investment banking, private equity, and real estate finance. The company offers a broad array of services, including debt and equity placement, M&A consulting, GP advisory, divestitures, and financial restructuring.
SOURCE Schelin Uldricks & Co.