The Groves

16 Acres, Whittier, CA

Buchanan Mortgage Holdings, LLC provided a $25 million construction loan for the site development of The Groves Shopping Center, a to-be-built grocery-anchored retail center situated on 16 acres at the entrance of a new master-planned residential community in Whittier, California. Buchanan Mortgage Holdings, LLC closed this financing during the height of the COVID-19 pandemic and was structured to fund construction of the horizontal infrastructure across the entire site and allow for the delivery of pre-leased pads. Buchanan Mortgage Holdings, LLC anticipates providing additional construction financing for the development of the vertical improvements as the retail pads near completion.