$13,250,000 Financing of a Life Science Property in Carlsbad, California.
FINANCED Faraday
Property Type:Life Science City:Carlsbad, CA Size:47,075 SF Term:7-year Fixed, 30-year Amortization
Pasha Johnson, Trevan Swierczewski, and Daniel de Leon of PSRS arranged $13,250,000 in financing for a 47,000-square-foot state-of-the-art life science property located within the Carlsbad submarket of San Diego County. The permanent lender was able to understand the growth story of the start-up tenant as well as fund the loan prior to the tenant taking occupancy. The loan’s interest rate is fixed for seven years and amortized over a thirty-year schedule.
$6,250,000 Refinance of a Retail Property in Orlando, Florida.
FINANCED Orlando Retail
Lender:Credit Union City:Orlando, FL Size:49,200 SF Term:10-year loan term; no prepayment penalty
David Sarnoff of PSRS arranged the $6.25 million refinance of a retail property in Orlando, Florida. The subject property is a 49,200 SF, multi-tenant retail center originally constructed in 2009. The impeccably maintained property is located on a major retail corridor surrounded by dense residential neighborhoods and other retail centers and enjoys a diverse rent roll, however, its major tenant is an experiential retail concept that occupies roughly three-quarters of the rentable space. Financed with a credit union execution, PSRS provided its borrower a 10-year loan term, of which five years are fixed, and there is no prepayment penalty at any time.
$6,500,000 Refinance of a Retail Center in Barstow, California.
FINANCED Barstow Road Center
Lender:Bank City:Barstow, CA Property Type:Retail Term:7-year term and 25-year amortization
Ryan Frankman and Ari Zeen of PSRS arranged the $6.5 million refinance of a retail center in Barstow, California. The subject property is anchored by a Food 4 Less grocer and includes other major tenants like Marshall’s, Best Furniture, and Harbor Freight. PSRS sourced and closed the deal in 45 days with a regional bank and was able to rate lock with a refundable deposit and zero deposits required past the close of escrow. Negotiated for the borrower were three years of interest only even with a near-term roll of major tenants. The loan’s interest rate is fixed for seven years with a 25-year amortization and three years of interest only.
$4,545,000 Financing of a Mobile Home/RV Park in Mesa, Arizona.
FINANCED Mesa Mobile Home/RV Park
Lender:Credit Union City:Mesa, AZ Size:202 Units Term:10-year loan term; 25-year amortization
David Smyle of PSRS arranged the $4,545,000 financing of a mobile home/RV park in Mesa, Arizona. The subject property is made up of 202 units of which 60% of them are long-term RV spaces and 40% are mobile homes. Financed with credit union execution, PSRS provided its borrower a 10-year loan term amortized over 25 years.
Reach out to us today to discuss your loan options
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.
