Santa Ana, CA – June 24, 2016 – Red Mountain Group, Inc. announced the closing of a $30,000,000 Line of Credit today with Farmers & Merchant Bank.
“We could not have gotten this done without the extraordinary efforts of our in-house Finance team, especially from Philip Hurst, our Director of Finance. Completing this transaction is a testament to our strong and long-standing relationship with Farmers & Merchants Bank.” – Carl Roude, President of Red Mountain Group
The Red Mountain Group portfolio encompasses 87 shopping centers with over 4 million square feet of commercial retail development with a current value of over $850 million dollars with assets in 16 states. Red Mountain Group was founded in 1999 by Mr. Michael H. Mugel. The company is headquartered in Santa Ana, California, and also has an office in Phoenix, Arizona. Red Mountain Group can be found online on LinkedIn, Facebook, Twitter, and at www.RedMountainRetailGroup.com