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Commercial Real Estate Financing
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Access to Life Companies, Banks, Credit Unions, Agencies, Debt Funds, CMBS
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Grady Seldin Named Partner at PSRS!
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Grady Seldin has been promoted to Partner at PSRS.
Since joining PSRS in 2017 at our Los Angeles office, Grady has been directly involved in closing more than $988 million in commercial real estate financings across retail, industrial, multifamily, and self-storage assets nationwide.
With a foundation as a CPA, Grady brings a high level of financial discipline and underwriting fluency. He is known for a listening-first approach that begins at initial client intake and carries context consistently through execution and closing.
Please join us in congratulating Grady on this well-deserved milestone.
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$9,250,000 Refinance of a 40,000 SF Office Property in Santa Barbara, California.
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FINANCED
Santa Barbara Office
Lender: Life Insurance Company
City: Santa Barbara, California
Size: 40,000 SF
Term: 25-year fully amortizing loan with rate resets every five years.
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Seth Ludwick and Thomas Rudinsky of PSRS arranged the $9.25 million refinance of a historic office property in Santa Barbara, California. The subject property is a 40,000-square-foot building designed in 1926 by famed architect Julia Morgan. Initially operated as a women's hotel, the property was converted to Office use in the 1970s. Financed through one of PSRS’s correspondent life insurance companies, the loan features a 25-year fully amortizing term with rate resets every five years. The team also secured an early rate lock to protect the borrower against market volatility.
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$2,900,000 Refinance of a 78,087 SF Flex Industrial Complex in El Cajon, California.
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FINANCED
El Cajon Business Park
Lender: Life Insurance Company
City: El Cajon, California
Size: 78,087 SF
Term: 10-year term, 25-year amortization
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Trevan Swierczewski and Alexander Santulis of PSRS arranged the $2.9 million refinance of a multi-tenant flex industrial complex in El Cajon, California. The 78,087-square-foot property consists of three single-story concrete tilt-up buildings featuring 35% office build-out and 158 surface parking spaces. This transaction was an internal refinance for a long-term client, replacing a loan originally placed by PSRS’s San Diego office in 2015. Leveraging the existing correspondent life insurance company relationship, the team secured a non-recourse, 10-year fixed-rate loan with a 25-year amortization and competitive pricing over the 10-Year Treasury.
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$2,300,000 Refinance of a 10-Unit Multifamily Property in The Bronx, New York.
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FINANCED
Bailey Ave Apartments
Lender: Life Insurance Company
City: The Bronx, New York
Size: 10 Units
Term: Five-year, 30-year amortization
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Matthew Farzinpour of PSRS arranged the $2.3 million refinance of a 10-unit multifamily property in the Bronx, New York. The property underwent an extensive gut renovation in 2025, accompanied by significant exterior and façade upgrades. Arranged through one of our correspondent life insurance companies, PSRS secured a loan with a five-year term and 30-year amortization, with the option to fully amortize the loan at the borrower’s discretion.
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$2,325,000 Refinance of a Multifamily Property in Brooklyn, New York.
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FINANCED
Lennox Road Apartments
Lender: Life Insurance Company
City: Brooklyn, New York
Size: Nine Units
Term: Five-year, 30-year amortization
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Matthew Farzinpour of PSRS arranged the $2.325 million refinance of a nine-unit multifamily property in Brooklyn, New York. The property underwent an extensive gut renovation and façade upgrade in 2025. Through a correspondent life insurance company relationship, PSRS secured a 61% LTV loan with a five-year term and 30-year amortization, with the option to fully amortize the loan at the borrower’s discretion.
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Exciting opportunities are open across our offices in Los Angeles, Newport Beach, and San Diego:
- Commercial Real Estate Analyst – Los Angeles: Support producers with underwriting, marketing, and closing while gaining hands-on experience in structuring real estate debt and equity investments.
- Commercial Real Estate Analyst / Loan Producer – San Diego: Begin as an analyst supporting top producers with underwriting and deal execution, with a clear path to transition into a producing role.
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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
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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.
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Copyright © 2024 PSRS. All rights reserved.
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