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Recent PSRS transactions and key headlines shaping today’s CRE market, from multifamily rents to medical office demand.
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Commercial Real Estate Financing
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Recent Transactions
$12,000,000 Refinance of a 120,000 SF Retail Property in La Habra, California.
FINANCED
Lowe's La Habra


Lender: Life Insurance Company
City: La Habra, California
Size: 120,000 SF
Term: 10-year term, interest-only

Michael Thorp and Ryan Frankman of PSRS arranged the $12 million refinance of a 120,000-square-foot retail property in La Habra, California. The property, built in 2001, is fully occupied by Lowe’s and includes 200 parking spaces. Financed through one of PSRS’s correspondent life insurance company lenders, the non-recourse loan featured a 10-year interest-only term and closed in just 25 days.
$3,750,000 Refinance of a 31,020 SF Retail Property in Glendale, Arizona.
FINANCED
Bob's Furniture


Lender: Life Insurance Company
City: Glendale, Arizona
Size: 31,020 SF
Term: Five-year term, 25-year amortization

Kostas Kavayiotidis and Matthew Farzinpour of PSRS arranged the $3.75 million refinance of a 31,020-square-foot retail property in Glendale, Arizona. The building is leased to Bob’s Furniture on a NNN basis and is located adjacent to a ±1.2 million-square-foot regional mall. Financed through one of PSRS’s correspondent life insurance company lenders, the loan was structured with a five-year term and a 25-year amortization.
$2,300,000 Refinance of an 18-Unit Multifamily Property in Portland, Oregon.
FINANCED
Portland Lofts


Lender: Life Insurance Company
City: Portland, Oregon
Size: 18 Units
Term: Interest-only, flexible prepayment options

Jim Mulvihill and Kevin Mulvihill of PSRS arranged the $2.3 million refinance of an 18-unit, three-story multifamily property in Portland, Oregon. Built in 2014, the apartment community offers modern construction and stable occupancy. Financed through one of PSRS’s correspondent life insurance company lenders, the non-recourse loan featured a competitive rate, partial-term interest-only payments, and flexible prepayment options.
In the News: Key CRE Headlines

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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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