Kostas Kavayiotidis and Jacob Lee of PSRS arranged the $4.6 million refinance of two separate free-standing retail properties in Meridian, Idaho. The subject properties consist of a total of four retail buildings totaling 14 units and 27,022 SF. All buildings are fully occupied with a diverse mix of restaurants, local, and national businesses. Financed with bank execution, PSRS was able to provide for its borrower a 65% LTV, non-recourse loan, with a 10-year term and 30-year amortization.

David Sarnoff of PSRS arranged the $3.5 million cash-out refinance of a multifamily complex located in Riverside, California. The subject property is a 32-unit garden-style apartment complex originally constructed in 1980 of wood-frame construction that has been impeccably maintained with units upgraded over the years. Financed with a bank execution, PSRS was able to provide for its borrower a 10-year fixed-rate loan with a flexible 3-2-1 open prepayment structure.

Kostas Kavayiotidis and Jacob Lee of PSRS arranged the $4.75 million refinance of a retail center in Corona, California. The subject property is a shadow-anchored strip retail center located in the Corona submarket of Los Angeles and features 15 tenants across 28,708 SF. The property is shadow-anchored by a national grocery chain with a rent roll that included many national tenants, including Chipotle, Subway, and AutoZone. Financed with one of our correspondent life insurance companies, PSRS was able to provide for its borrower a non-recourse loan with a 15-year term and 30-year amortization.

William DeFanti of PSRS arranged a $5 million refinance of a self-storage property in Layton, Utah. The subject property is comprised of 655 units. PSRS was able to provide for its borrower a non-recourse loan with a seven-year term and 30-year amortization. The lender provided prepayment flexibility along with a low 3.45% rate, allowing the borrower the flexibility along with superb cash flow given the 30-year amortization and the option to sell with no prepayment penalty.