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$2,391,950 Refinance of a Multifamily Property in Los Angeles, California.
FINANCED Micheltorena Apartments
Lender:Bridge Lender City:Los Angeles, California Size:23,940 SF Term:12-month term, sub-10% interest rate
Jacob Lee of PSRS arranged the $2,391,950 refinance of a multifamily property in Los Angeles, California. The subject property consists of ten units within four detached Spanish-style bungalows and two ADUs. The units are 1-bed/1-bath and there are two units within each building, totaling 4,200 square feet. Financed with a private lender, PSRS provided its borrower a 12-month, interest-only loan term, 65% loan to value, and 100% CapEx financing with no prepayment penalty.
$1,300,000 Full Cash-Out Refinance of an Industrial Property in Los Angeles, California.
FINANCED DTLA Industrial
Lender:Life Insurance Company City:Los Angeles, California Size:12,000 SF Term:Five-year term, 25-year amortization
Jonny Soleimani of PSRS arranged the $1.3 million full cash-out refinance of an industrial property in Los Angeles, California. The subject property is a single-tenant industrial building that was constructed in 1932 and renovated multiple times. It has 18’ clear heights and is just over 12,000 SF of rentable space. The current tenant is using the space as a commercial printing facility. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a five-year loan term and 25-year amortization.
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.
