$7,600,000 Purchase Financing of a Retail Shopping Center in Mesa, Arizona.
FINANCED Superstition Marketplace
Property Type: Retail
Lender: Life Insurance Company City: Mesa, Arizona Size: 54,837 RSF Term: 10-year loan, 30-year amortization
Mike Davis and Tony Messiah of PSRS arranged the $7.6 million purchase financing of a retail shopping center in Mesa, Arizona. The subject property is a multi-tenant retail shopping center built in 1988 with 54,837 rentable square feet of space. Anchored by Dollar General, other notable tenants include Jersey Mike’s, State Farm Insurance, and Thai House. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a non-recourse, 10-year loan term with a 30-year amortization.
$2,155,000 Permanent Refinance of a Multifamily Property in Imperial Beach, California.
FINANCED Florence St Apartments
Property Type: Multifamily
Lender: Bank City: Imperial Beach, CA Size: 12 Units Term: 30-year term, 30-year amortization
Pasha Johnson and Trevan Swierczewski of PSRS arranged the $2,155,000 permanent refinance of a 12-unit multifamily property in Imperial Beach, California. Financed with bank execution, PSRS provided its borrower a non-recourse, 60% LTV loan with a quick closing timeline of 35 days. The loan carries a 30-year term and 30-year amortization with five years of interest only.
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.
