$4,900,000 Refinance of a Mixed-Use Property on the Venice Beach Boardwalk in California.
FINANCED Ocean Front Walk Mixed-Use
Property Type:Mixed-Use Lender: Life Insurance Company City:Venice Beach, California Size:11 Multifamily Units / 4 Retail Units Term:5-year loan, 30-year amortization
Grady Seldin and Thomas Rudinsky of PSRS arranged the $4.9 million refinance of a mixed-use property on the Venice Beach Boardwalk. The property features four retail units plus a leased mural space that line the renowned boardwalk of Venice Beach. The property houses 11 residential studio units located above the retail spaces with gated parking. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a non-recourse loan, with a 5-year term and 30-year amortization.
$3,700,000 Refinance of a Strip Retail Center in Mammoth Lakes, California.
FINANCED Mammoth Gateway
Property Type:Retail Lender:Life Insurance Company City:Mammoth Lakes, California Size:54,854 RSF Term:10-year fixed-rate
Grady Seldin and Thomas Rudinsky of PSRS arranged the $3.7 million refinance of a strip retail center in Mammoth Lakes, California. The subject property is a Rite-Aid-anchored strip retail center that has 13 retail spaces including a hardware store, pet store, and a plethora of restaurants and cafes. The subject was built in 1973 on a 3.47-acre lot and has 54,854 net rentable square footage. There are approximately 185 parking spaces. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a competitively priced 10-year fixed-rate loan.
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.
