Vallarta Supermarkets: Fresno, Pasadena and Van Nuys, CA (Closed May 2016, March 2017 and January 2020):
Capital Peak Partners has represented Vallarta Supermarkets for the new construction of three new supermarkets bringing fresh foods, employment opportunities, and community services to the Hispanic community, a niche that the big chain stores have not adequately addressed. The Fresno location was funded with $13 million of NMTC allocation including two Calif.-based CDEs (Maya Cinemas New Markets CDE LLC and Northern California Community Loan Fund), the Pasadena location was funded with $9 million NMTC allocation from TELECU’s CDE (New Markets Community Capital) and the Van Nuys location was funded with $21 million NMTC allocation from Los Angeles Development Fund and Local Initiatives Support Corporation. Chase Bank was the tax credit investor for each transaction.
Press Release: (https://www.novoco.com/events/awards/2016/community-development-qlicis-year-awards/winners/metro/vallarta-fresno-supermarket).