We will be at the 2024 Western States Commercial Real Estate Finance Conference in Las Vegas next week on September 4-6th with many of the nation's major commercial real estate lenders.
So, if you are in the market for any financing for your commercial property, there is no better time to get your deal in front of the decision-makers.
Read more about the conference and register here if interested: WS CREF 2024
Recent Transactions
$10,000,000 Refinance of a Multifamily Property in Covina, California.
FINANCED Covina Palms
Property Type: Multifamily
Lender: Life Insurance Company City: Covina, CA Size: 91 Units Term: 10-year fixed, non-recourse
Kostas Kavayiotidis and Matthew Farzinpour of PSRS arranged the $10 million refinance of a multifamily property in Covina, California. The subject property is a gated multifamily complex built in 1964 and continually updated over the years. The property offers 91 total units: two studios, 46 one-bedrooms, and 43 two-bedrooms. Amenities of the complex include a courtyard, laundry facilities, an on-site property manager, a picnic area, two pools, and covered parking. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a non-recourse loan with a 10-year fixed rate loan.
$4,000,000 Refinance of a Retail Property in Ceres, California.
FINANCED Modesto Tractor Supply
Property Type: Retail
Lender: Life Insurance Company City: Ceres, CA Size: 21,702 SF Term: 5-year fixed, non-recourse
Kostas Kavayiotidis and Matthew Farzinpour of PSRS arranged the $4 million refinance of a retail property in Ceres, California. The subject property is a 21,702-square-foot retail pad located within the newly developed Ceres Gateway Center. The property is a new, 2023 build-to-suit construction with Tractor Supply Co as the tenant and includes Tractor Supply’s new Fusion Garden Center and large fenced outdoor sales area. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a non-recourse loan with a five-year term with another five-year fixed term at no cost.
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.
