$3,665,000 Refinance of a Retail Property in Tempe, Arizona.
FINANCED 99 Cents Only
Property Type:Retail City:Tempe, Arizona Size:31,186 SF Term:Fixed-rate loan with two years of Interest Only and step-down prepay
Jacob Lee and Thomas Rudinsky of PSRS arranged the $3,665,000 refinance of a retail property in Tempe, Arizona. The subject property is a single-tenant, 31,186 SF, 99 Cents Only retail asset located as a portion of a Walmart Supercenter anchored shopping center. The site is located just two miles from the Arizona State Campus in a high-traffic retail corridor that includes Fry’s, CVS, and Target. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a competitive fixed-rate loan with two years of interest only and a step-down prepay.
$6,250,000 Refinance of a Retail Property in Orlando, Florida.
FINANCED Thousand Palms Industrial
Lender:Life Insurance Company City:Thousand Palms, CA Size:18,672 SF Term:3-year loan term; 25-year amortization
Jonny Soleimani of PSRS arranged the $1.62 million refinance of an industrial property in Thousand Palms, California. The subject property is an 18,672 SF multi-tenant industrial building sitting on 1.26 acres of land. Built in 1990 with reinforced concrete, there are a total of 11 suites and 40 surface parking spaces. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a three-year loan term with a 25-year amortization and a hybrid prepayment penalty.
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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.
