$11,000,000 Refinance of a Mixed-Use Business Park in Fullerton, California.
FINANCED Sunnyhills Business Park
Property Type: Mixed-use Lender:Life Insurance Company City:Fullerton, California Size:176,475 RSF Term: 10-year loan, 30-year amortization
Kostas Kavayiotidis and Matthew Farzinpour of PSRS arranged the $11 million refinance of a mixed-use business park located in Fullerton, California. The subject property is a large industrial/flex and office business park comprised of nine buildings built in 1981. 67% of the GLA is industrial/flex and the remaining 33% is office. The property offers a total of 176,475 rentable square feet, comprised of one and two-story buildings. The property is situated on 10.35 acres with signalized access to Imperial Highway, connecting the property to the surrounding cities of Orange County. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a non-recourse, 10-year loan term and a 30-year amortization.
$3,100,000 Refinance of a Retail Property in West Hollywood, California.
Tony Messiah of PSRS successfully secured a $3.1 million refinance for a retail property located in West Hollywood, California. This single-tenant retail property features 6,438 rentable square feet on a 0.15-acre land parcel, housing a restaurant/lounge. Positioned on one of the busiest intersections in West Hollywood, near North Robertson Blvd and Santa Monica Blvd, the property stands as a prime investment. Financed through one of our correspondent life insurance companies, PSRS provided the borrower with a competitively priced 25-year loan term and a 25-year amortization, subject to adjustments every three years.
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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.
