Priority Capital Advisory Secures $12.75 Million Refinancing for Fremont Auto Dealership Complex

Priority Capital Advisory has successfully arranged $12.75 million in senior debt financing for the recapitalization of Newark Auto Plaza on behalf of borrower Nearon Enterprises. The specialty retail property, located in Fremont, California, represents a significant automotive dealership complex situated on 14.8 acres at 39700-39750 Balentine Drive and 5623-5633 John Muir Drive.

Zachary Streit, Founder and President of Priority Capital Advisory, highlighted the complexities of the financing process, noting that the timing posed unique challenges. The client pursued a non-recourse loan from a regional bank for the auto dealership property while navigating changing macroeconomic conditions influenced by recent tariff announcements and growing trade tensions. After conducting a thorough process involving multiple proposals from regional banks, the firm selected a lending partner positioned to support the client long-term.

The three-building property totals 110,540 square feet and features both showrooms and service/repair centers. The complex is fully occupied by Fremont Ford, Winn KIA of Fremont, and Cruise America RV, providing stable tenancy for the investment. Strategically located approximately 20 minutes from San Jose and Silicon Valley, and 40 miles southeast of downtown San Francisco, the property benefits from direct adjacency to the I-880 Freeway with 800 feet of frontage, enhancing its accessibility and commercial value.

Blaine Emmons, EVP/CFO of Nearon Enterprises, expressed appreciation for Priority Capital's patience in finding the right lender during the process. This successful transaction adds to Priority Capital Advisory's growing track record, having closed more than $500 million in debt financing across 23 transactions since its inception just over a year ago. Over the past four months alone, Streit has led the closings of six retail loans totaling $131.25 million, demonstrating the firm's capability in delivering liquidity solutions for sophisticated sponsors in challenging capital markets.

The financing arrangement underscores the resilience of well-located specialty retail properties despite macroeconomic headwinds and trade uncertainties. For more information about Priority Capital Advisory's services, visit https://www.prioritycapitaladvisory.com. The transaction demonstrates continued investor confidence in California's automotive retail sector and the ability of experienced advisors to navigate complex financing environments for specialized property types.