Grady Seldin of PSRS arranged the $4.6 million acquisition financing of an office property in Albuquerque, New Mexico. The subject property is a multi-tenant office building constructed in 2009 and is comprised of 31,880 SF in office space. Well positioned, the subject property lies on the northeast side of the Albuquerque metro area, approximately 10 miles from the central business district. Financed with one of our correspondent life insurance companies, PSRS was able to arrange a fixed rate mortgage that closed quickly in order to hit the acquisition timeline and milestones. The ability to lock rate upfront with life insurance companies saved the borrower significantly from lock to close.

Kostas Kavayiotidis and Jacob Lee of PSRS arranged the $6 million additional funding of a retail shopping center in Lakewood, California. The subject property is a 60,715 SF grocery-anchored neighborhood center in the ultra-dense city of Lakewood in south Los Angeles County. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a non-recourse loan co-terminus with the original financing.

Michael Tanner and Tony Messiah of PSRS arranged the $2.2 million refinance of land leased to a multi-tenant office building in Irvine, CA. The subject property is an 18,296 SF office building adjacent to Interstate 405 just south of the John Wayne Airport in Orange County. Financed with credit union execution, PSRS provided for its borrower a seven-year loan term with a 30-year amortization.