William DeFanti of PSRS arranged the $6.3 million permanent loan financing of a self-storage property in Washington, Utah. The subject property contains 650 climate-controlled storage units. Funded with credit union execution, PSRS provided its borrower a fixed-rate, seven-year loan term with a 30-year amortization. PSRS locked rate at application and provided additional construction funding for phase II of this property.

Jonny Soleimani of PSRS arranged the $1,049,535 bridge financing of a multifamily property in Los Angeles, CA. The subject property is a six-unit, 4,164 SF apartment building constructed in 1923 and situated on a 7,302 SF lot with six parking spaces straddled between the Pico Union/Westlake submarkets of Los Angeles. Financed with debt fund execution, PSRS provided its borrower with 80% of the purchase price and 100% of the rehab cost with unlimited draws for an aggregate 123% loan-to-purchase price.

Despite changes in a few terms as rates increased several times throughout submission and closing, the borrower and lender were able to work out what they deemed a win for both sides.

Trevor Blood of PSRS arranged the $1.5 million cash-out refinance of a retail property in Los Angeles, California. The 9,259 SF subject property contains a restaurant and has additional retail units. Financed with one of our correspondent life insurance companies, Mr. Blood provided his borrower with a 25-year loan term.