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$14,000,000 Refinance for a Mixed-Use Property in San Diego, California.
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Fed Prime Rate: 4.75%
5-Year Swap Rate: 3.18%
10-Year Swap Rate: 3.18%
30-Year Swap Rate: 2.97%
5-Year Treasury: 3.14%
10-Year Treasury: 3.09%
20-Year Treasury: 3.45%
30-Year Treasury: 3.21%
Recent Transaction
$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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Why work with PSRS

  • Non-recourse financing
  • Terms: Floating rate to 40-year Fixed
  • Loan sizes from $1MM-$100MM
  • Servicing portfolio of $6.4 billion
  • Minimal to no reserve structure
  • Lock rate at application
  • Fast servicing decisions
  • Nationwide coverage on all commercial and multifamily real estate

 
 

About PSRS

Founded in 1972, PSRS is one of the largest privately-held commercial mortgage banking firms in the western United States.

 
 
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