Bank of America Provides $71M Loan for Huntington Oaks Center in Monrovia

MONROVIA, CALIF. — Huntington Oaks Center, a 328,711-square-foot community shopping center in the Los Angeles submarket of Monrovia, has received a $71 million loan. The center is located at the southeast corner of Interstate 210 and Huntington Drive. Huntington Oaks is currently 98 percent leased to tenants such as Kohl’s, Trader Joe’s, Toys ‘R’ Us, Marshalls, Bed Bath & Beyond, Petco, Party City, Black Angus, LensCrafters, Mimi’s Café, Chili’s, Kirklands, Chase Bank and Applebees. The financing package includes a $60.5 million senior mortgage loan and a $10.5 million mezzanine loan. Those funds replaced a $51 million mortgage provided by Wachovia Bank. The borrower, Huntington Oaks Delaware Partners LLC, was represented by Lucescu Realty, which also procured the lender, Bank of America N.A.