Jacob Lee of PSRS arranged the $5.5 million refinance of a multifamily property in Los Angeles, CA. The subject property consists of a 13,790-square-foot apartment complex. The two-story apartment building was constructed in 1963 and has 20 residential rental units. Financed with debt fund execution, PSRS provided its borrower with a non-recourse loan with a 24-month term and closed in 30-days.

Seth Ludwick of PSRS arranged the $22 million cash-out refinance of a multifamily property in Playa del Rey, CA. The subject property comprises consists of 130 units across two primary buildings and features a wide variety of unit types spacious floorplans, common-area amenities, and both covered and open parking spaces. Financed with one of our life insurance correspondents, PSRS provided its borrower a non-recourse loan with a seven-year interest-only term which included a six-month forward rate lock and step-down prepay after year three.

Seth Ludwick of PSRS arranged the $3.3 million cash-out refinance of a multifamily property in Santa Barbara, CA. The subject property is a garden-style apartment complex comprised of 32 units across four buildings. Financed with one of our life insurance companies, PSRS provided its borrower a non-recourse loan with a 10-year interest-only term and a 1% prepay for the last nine years.