$4,000,000 Refinance of a Strip Retail Center in Hollywood, California.
FINANCED Former Vogue Theater
Property Type: Retail Lender:Life Insurance Company City:Hollywood, California Size:18,600 RSF Term:20-year loan, 20-year amortization
Tony Messiah of PSRS successfully secured a $4 million refinance for a strip retail center in Hollywood, California. The subject property is a multi-tenant, two-story retail space constructed in 1935, encompassing 18,600 rentable square feet. Currently, it is fully occupied, with a significant tenant, a church, occupying 80% of the square footage for the next 10 years. Financed through one of our correspondent life insurance companies, PSRS has provided the borrower with a competitively priced 20-year loan term featuring a 20-year amortization, with adjustments every three years.
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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.
