$18,500,000 Refinance of two adjacent Retail and Office Properties in Danville, California.
FINANCED Danville Livery Properties
Property Type: Retail/Office
Lender: Life Insurance Company City: Danville, CA Size: 123,000 SF
James Mulvihill and Kevin Mulvihill of PSRS arranged the $14 million & $4.5 million refinance of two adjacent properties in Danville, California, in the heart of San Ramon Valley. The subject properties consist of both retail and office space, totaling over 123,000 square feet. The retail and service-oriented office space offers a mix of tenants that serve the local community from eateries, home goods, and salons to real estate offices and title services. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a separate loan for each property, both of which are interest-only and non-recourse.
$2,250,000 Acquisition Financing of a Retail Property in Knoxville, Tennessee.
FINANCED Caliber Collision
Property Type: Retail
Lender: Life Insurance Company City: Knoxville, TN Size: 45,000 SF Term: 10-year term, 30-year amortization
Seth Ludwick and Robert Ludwick of PSRS arranged the $2.25 million acquisition financing of a retail property in Knoxville, Tennessee. The subject property is a 45,000-square-foot Caliber Collision auto repair retail location. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a 35% LTV non-recourse loan, with a 10-year loan and 30-year amortization.
$1,275,000 Refinance of an Industrial Property in Santa Clara, California.
FINANCED Santa Clara Industrial
Property Type: Industrial
Lender: Credit Union City: Santa Clara, CA Size: 27,050 SF Term: 25% LTV, 5+5-year term, 30-year amortization
David Smyle of PSRS arranged the $1.275 million refinance of an industrial property in Santa Clara, California. The subject property is a 27,050-square-foot industrial building with a short lease-up history. Financed with credit union execution, PSRS provided its borrower with a 25% LTV, 5+5-year loan term, and a 30-year amortization.
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.
