$4,500,000 Refinance of a Mixed-Use Property in San Diego, California.
FINANCED La Mesa Village Plaza
Lender:Life Insurance Company City:San Diego, CA Type:Mixed-use Size:47,554 SF Term:7-year term; 25-year amortization
James Mulvihill and Kevin Mulvihill of PSRS arranged the $4.5 million refinance of a mixed-use property located in San Diego, California. The subject property includes the inline retail space and two office buildings at the property totaling 47,554 SF, along with a level of garage parking. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a 46% LTV, 7-year loan term with a 25-year amortization and early rate lock to meet the timing of the borrower's Fall 2023 maturity of their existing loan.
Why work with PSRS
Non-Recourse Financing
Terms: Floating Rate to 40-year Fixed
Loan Sizes from $1MM-$100MM
Servicing Portfolio of $6.6 billion
Minimal to No Reserve Structure
Lock Rate at Application
Fast Servicing Decisions
Nationwide Coverage of all Commercial Real Estate
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.
