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Recent Transactions
$4,500,000 Refinance of Two Retail Buildings in a Shopping Center in Vallejo, California.
FINANCED Rancho Vallejo Retail
Lender:Life Insurance Company City:Vallejo, California Size:16,452 SF Term:Three-year, 25-year amortization
Thomas Rudinsky of PSRS arranged the $4.5 million refinance of two retail buildings in a shopping center in Vallejo, California. The subject property is two buildings that are made up of 10 retail units and 16,452 square feet of rentable space. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a 60% LTV loan with a three-year term and 25-year amortization with the option to fully amortize the deal with a rate reset option from the lender every three years.
$2,000,000 Refinance for an Industrial Outddor Stroage Property in Garden City, Georgia.
FINANCED Savannah IOS
Lender:Life Insurance Company City:Garden City, Georgia Size:16,000 SF Term:Structured on a short-term basis
Grady Seldin and George Gianoukakis of PSRS arranged a $2 million refinance for an industrial outdoor storage (IOS) property in Garden City, a key logistics submarket outside Savannah, GA. While the property includes functional industrial improvements, the value is driven by the expansive yard space—critical for the tenant’s trucking operations given the site's proximity to the Port of Savannah and Savannah/Hilton Head International Airport.
Riding the coattails of a rapidly heating IOS market and strong tenant demand, PSRS secured non-recourse financing from a correspondent life insurance company. The loan was structured on a short-term basis to provide the Los Angeles-based borrower with flexibility in a turbulent rate environment while still locking in favorable terms through life company execution.
$4,000,000 Refinance of The Orchard, a Shopping Center in Murrieta, California.
FINANCED Shops at Orchard
Lender:PSRS-servicing-based City:Murrieta, California Size:13,326 SF Term:Five-year, Interest Only
Michael Thorp and Ethan Szuchan of PSRS have arranged a $4 million refinance of The Orchard, a shopping center in Murrieta, California. The subject property is part of a larger Target & Home Depot shopping center, with direct freeway access and high visibility. The asset boasts regional and local credit tenants, including Starbucks, The UPS Store, Subway, and a DMV Express Office. The loan was placed with a PSRS servicing-based lender for a term of five years, all interest only.
$2,500,000 Bridge Financing for a Retail Movie Theater in Santa Barbara, California.
FINANCED Metro 4 Theatre
Lender:Bridge Lender City:Santa Barbara, California Size:20,000 SF Term:Two-Year, Interest-only
Seth Ludwick and Thomas Rudinsky of PSRS arranged the $2.5 million bridge financing for a retail movie theater in Santa Barbara, California. The subject property is a 20,000-square-foot movie theater on the popular State Street in Downtown Santa Barbara. Financed with a local bridge lender, PSRS provided its borrower a two-year interest-only loan term.
About PSRS Founded in 1972, PSRS is a commercial mortgage banking firm that helps real estate investors of all sizes structure and secure financing solutions that align with their investment goals.
