$7,000,000 Cash-Out Refinance of an Industrial Property in Pacoima, California.
FINANCED Pacoima Industrial
Lender Type:Life Insurance Company City:Pacoima, CA Size:113,500 SF Term: 10-year, interest-only term
Mike Davis and David Sarnoff of PSRS arranged the $7 million cash-out refinance of an industrial property in Pacoima, California. The subject property is a 113,500 SF industrial distribution building built in 1979 and has recently undergone renovations. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a non-recourse loan with a 10-year interest-only term.
$18,000,000 Construction Take-Out Financing for a Flex Property in Goleta, California.
FINANCED Cabrillo Business Park
City:Goleta, CA Lender Type: Life Insurance Company Size:232,143 SF Term: 12-year fixed term
Pasha Johnson of PSRS arranged $18 million in construction take-out financing for 232,143 SF of flex space across three buildings in Goleta, CA. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a non-recourse, 12-year fixed term that allowed them to lock in today’s interest rates for an extended period of time.
$2,400,000 Refinance of a Retail Auto Center in Garden Grove, California.
FINANCED Westminster Auto Center
Lender Type:Life Insurance Company City:Garden Grove, CA Size:10,800 SF Term:10-year term, 20-year amortization
Mike Davis and David Sarnoff of PSRS arranged the $2.4 million refinance of a retail auto center in Garden Grove, California. The subject property is a multi-tenant auto center located in the heart of Orange County and makes up 10,800 SF of retail space. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a 10-year loan term with a 20-year amortization.
$10,500,000 Refinance of a Grocery-Anchored Shopping Center in Venice, Florida.
FINANCED Venice Pines Plaza
Lender Type:Life Insurance Company City:Venice, FL Term:10-year term, 30-year amortization
Mike Davis and David Sarnoff of PSRS arranged the $10.5 million refinance of a grocery-anchored shopping center in Venice, Florida. The subject property is a 98.6% occupied multi-tenant retail center anchored by a grocery store and is comprised of 97,132 SF and 23 tenants. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a non-recourse loan with a 10-year term and 30-year amortization.
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