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Welcoming the New Year
Wishing you a joyous 2021 filled with peace and cheer. Happy New Year!

Though an unprecedented year, throughout 2020 we were able to continue to provide our clients with certainty of execution and financing that matched their needs. We closed out the year financing $900 million from 217 closed loans. Our servicing portfolio currently sits at $6.26 billion. Give us a call or send us an email today to discuss your loan options.
Recent Transactions
USC-adjacent Industrial

Loan Amount: $950,000
City:
Los Angeles, CA
Lender: Life Insurance Co.
Advisor: Jonny Soleimani
Jonny Soleimani of PSRS recently arranged acquisition financing for a USC-adjacent vacant industrial building in Los Angeles, CA, with one of our correspondent Life Insurance Companies. The subject property is a 7,318 SF warehouse situated on a 0.17-acre lot in Los Angeles, CA. Built in 1950 with masonry construction, the subject property contains one 10’x10’ drive-in. The building has been vacant for approximately 6-7 months, but we were able to secure permanent financing due to an excellent new lease that both added instant value for the borrower and made our lender comfortable with this deal.
Central Park East

Loan Amount: $4,400,000
City:
Jacksonville, FL
Lender: Life Insurance Co.
Advisor: Michael Tanner, Jonny Soleimani
Michael Tanner and Jonny Soleimani of PSRS recently arranged the $4.4M non-recourse refinance of an industrial building in Jacksonville, Florida. The subject property is composed of a Class B, 48k SF industrial building and a 19k SF flex/retail building next to one another. Versatile zoning allowed for a broad range of uses including retail, office, and warehouse. Executed with one of our correspondent life company lenders, the loan carries a 10-year term with a 25-year amortization schedule. PSRS was able to secure this transaction on a tight timeline.
Reach out to us today to discuss your options.
(310) 471-1911
Today's Market Rates
Fed Prime Rate                    3.25%
5-Year Swap Rate                0.52%
10-Year Swap Rate              1.07%
30-Year Swap Rate              1.57%
5-Year Treasury                    0.46%
7-Year Treasury                    0.74%
10-Year Treasury                  1.08%
30-Year Treasury                  1.85%
Why Work With PSRS
  • Non-recourse financing
  • Terms - Floating Rate to 40 Year Fixed
  • Loan sizes from $1 million to $100 million+
  • Servicing portfolio of $6.2 billion
  • Minimal to no reserve structure
  • Lock rate at application
  • Fast servicing decisions
  • Nationwide coverage in the US on all commercial and multi-family real estate
 
CONTACT
PSRS Los Angeles
psrs-la@psrs.com

(310) 471-1911

ABOUT PSRS
Founded in 1972, PSRS is one of the largest privately-held commercial mortgage banking firms in the western United States.
 
Copyright © 2018 PSRS. All rights reserved.