The Cathedral City Market, just off the intersection of Date Palm Drive and Dinah Shore, has a new owner.
This comes after “Calmwater Capital” provided “Rhino Investment Group” with a $20.8 million dollar loan for its acquisition of the Cathedral City marketplace.
“Rhino Investments is a repeat borrower with a successful track record of adding value through redevelopment, operational efficiency, and improving the tenant mix, and we are confident in their ability to execute on their business plan once again,” said Larry Grantham, founder and Managing Principal of Calmwater Capital…