$7,100,000 refinance of a multi-tenant commercial kitchen property in Los Angeles, California.
FINANCED Mission Road Kitchens
Lender:Life Insurance Company City:Los Angeles, CA Size:15,858 SF Term:5+5+5+5+5 / 25-year Amortization
Mike Davis and David Sarnoff of PSRS arranged the $7.1 million refinance of a multi-tenant commercial kitchen property in Los Angeles, California. The subject property is a single-story, 15,858 SF industrial building built in 1933 that was fully renovated and converted into a commercial kitchen by Maker Kitchens in 2022. The building offers private, turn-key kitchen solutions for local food & beverage businesses. Kitchens come equipped with hood systems, fire suppression equipment, walk-in community refrigerators and freezers, and many other amenities to fulfill their tenant’s kitchen needs. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a 5+5+5+5+5-year loan term and a 25-year amortization.
$1,260,000 Refinance of an Industrial Property in Los Angeles, California.
FINANCED Boyle Heights Industrial
Lender:Credit Union City:Los Angeles, CA Units:32 Term:7 years / 30-year Amortization
Jonny Soleimani of PSRS arranged the $1.26 million financing of an industrial property in Los Angeles, California. The subject property is a 6,816 SF multi-tenant industrial building situated on 0.81 acres of land and houses four tenants. Financed with credit union execution, PSRS provided its borrower a 5-year loan term and 25-year amortization.
$3,000,000 all-cash acquisition financing of a newly-constructed Amazon Go in Whittier, California.
FINANCED Amazon Go
Lender:Credit Union City:Whittier, CA Size:5,600 SF Term:5+5+5 / 30-year Amortization
Mike Davis, Kostas Kavayiotidis, and Nicholas Drohan of PSRS arranged the $3 million all-cash acquisition financing of a newly constructed Amazon Go in Whittier, California. The subject property is a 5,600 SF, single-tenant retail space which will be occupied by Amazon Go, a store concept by Amazon that relies on the prevalence of smartphones and geofencing technology to streamline the customer experience. Financed with credit union execution, PSRS provided its borrower a 5+5+5 with two years of Interest Only and a 30-year amortization thereafter.
Reach out to us today to discuss your loan options
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.
