$14,000,000 Refinance for a Mixed-Use Property in San Diego, California.
FINANCED
The North Parker
City:San Diego, CA
Lender Type: Bank
Size:27 Multifamily units over 5 Retail suites
Term: 10-year term, interest-only
Pasha Johnson of PSRS arranged $14 million for the refinance of The North Parker in San Diego, CA. The subject property is a mixed-use building with 27 multifamily units over five retail suites. Financed with bank execution, PSRS provided its borrower with a 10-year, full-term interest-only loan priced at 4.14% on a non-recourse basis. The loan allows the owners to maximize their cash flow and limit liability.
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