Recent Transactions

Trevor Blood of PSRS arranged the $3 million refinance of a retail property in Temecula, California. The subject property is a 21,197 SF, multi-tenant retail shopping center located on the way to Temecula wine country. Financed with life insurance company execution, PSRS provided its borrower with a 30-year loan term. The borrower decided to defease their existing CMBS loan well in advance of their maturity to hedge against interest rate risk and benefit from a loan with a trusted life insurance company, with PSRS as a servicer.

Ryan Frankman and Ari Zeen of PSRS arranged the $5.25 million acquisition financing of an industrial property in Chino, California. The subject property is a 52,000 SF, single-tenant, free-standing industrial property sitting on 2.12 acres of land. The property includes 3,200 SF of office on the ground floor. Financed with life insurance company execution, PSRS provided its borrower a two-year interest-only, non-recourse loan with a five-year term and 25-year amortization. PSRS was able to close this transaction on a tight timeline to satisfy the borrower’s 1031 exchange deadline. The transaction was able to close in 30 days, even with a minor environmental issue which the lender understood and let the borrower satisfy after closing.

Trevor Blood of PSRS arranged the $2.7 million refinance of a retail property in San Marcos, California. The subject property is a 6,962 SF, multi-tenant retail plaza and includes 120 parking spaces. Financed with life insurance company execution, PSRS provided its borrower with a 30-year loan term. The borrower decided to defease their existing CMBS loan well in advance of their maturity to hedge against interest rate risk and benefit from a loan with a trusted life insurance company, with PSRS as a servicer.