Recently Closed Transactions

Michael Tanner and Jonny Soleimani of PSRS arranged the $9.5MM refinance of a multi-tenant office building in Santa Monica, California. The subject property is a 20,648 SF, three-story office building built in 1982 with masonry construction on a 0.23-acre lot. The building contains a total of 26 subterranean parking spaces. The building is fully occupied by different entities associated with UCLA. Financed with one of our correspondent life insurance companies, PSRS was able to secure for their client a non-recourse, 10-year term with a 30-year amortization.

Michael Tanner and Jonny Soleimani of PSRS arranged the $7MM refinance of a multi-tenant retail property in Las Vegas, Nevada. Built in 2007, the subject property is composed of 23 units totaling 63K square feet. Financed with one of our correspondent life insurance companies, PSRS was able to secure for their client a non-recourse, 10-year term with a 30-year amortization. A highlight of this transaction was that there were little to no collection issues during the ongoing COVID-19 pandemic.

Michael Tanner and Jonny Soleimani of PSRS arranged the $5.75MM construction loan of a retail shopping center in Stockton, California. The loan request is for development of the first phase of the project, which consists of three buildings totaling 22k SF. Each building has been pre-leased to 7-Eleven and Starbucks. Financed with debt fund execution, PSRS was able to secure for their client a construction loan with recourse that burned off at completion of construction at north of 90% LTC.

Mike Tanner and Jonny Soleimani of PSRS arranged the $2.75MM refinance of a free-standing retail property in Laguna Woods, CA. The subject property located in a 3.65-acre, Home Depot-anchored shopping center in Laguna Hills. The concrete building was built in 1999 and comes equipped with more than enough parking for the many cars that populate the center daily due to neighboring tenants such as Subway, Starbucks, Jersey Mike’s, Starter Brothers, and Home Depot, among others. Executed with one of our correspondent life insurance companies, PSRS was able to secure for their client a 10-year term with a 30-year amortization.