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$45,000,000 Refinance of an Industrial Property in Commerce, California.
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Today's Market Rates
Fed Prime Rate: 3.25%
5-Year Treasury: 1.26%
5-Year Swap Rate: 1.36%
10-Year Treasury: 1.49%
10-Year Swap Rate: 1.56%
20-Year Treasury: 1.91%
30-Year Swap Rate: 1.69%
30-Year Treasury: 1.87%
Recent Transactions
$45,000,000 Refinance of an Industrial Property in Commerce, California.
FINANCED
2400 Yates - Gibson Building


Lender: Life Insurance Company
City: Commerce, CA
Size: 649,000 SF
Term: Non-recourse, 2.75%, 10-year term, 30-year amortization
Michael Tanner and Jonny Soleimani of PSRS arranged the $45MM (41.3% of appraised value) refinance of an industrial property in Commerce, California. The subject property is an approximately 649,000 square foot owner-user warehouse situated on 2 acres of land and built in 1960 with masonry construction. This 32-ft high building comes with a parking ratio of approximately 2.00/1,000 SF. The property is approximately 75% industrial and 25% office. Financed with one of our correspondent life insurance companies, PSRS was able to provide for its borrower a 2.75% interest rate, non-recourse loan with a 10-year term and 30-year amortization.
$5,850,000 Acquisition Financing of an Unanchored Retail Strip Center in El Cajon, California.
FINANCED
Circle Center


Lender: Credit Union
City: El Cajon, CA
Size: 31,392 RSF
Term: 3.50%, 10-year term, 30-year amortization
Pasha Johnson of PSRS arranged $5.85MM in acquisition financing for an unanchored retail strip in El Cajon, CA. The subject property is composed of two single-story buildings with the capacity to accommodate 12 tenants across 31,392 rentable square feet. Financed with credit union execution, the interest rate is locked at 3.50% for 10 years with payments based upon a 30-year schedule.
$4,000,000 Refinance of a Multifamily Property in Riverside, California.
FINANCED
Springbrook Park Apartments


Lender: Life Insurance Company
City: Riverside, CA
Size: 120 Units
Term: 10-year term, 30-year amortization, minimal prepayment penalty
Jacob Lee of PSRS arranged the $4MM refinance of a multifamily property in Riverside, California. The subject property is a 120-unit, garden-style community that was built in 1971 and consists of 15 residential buildings and a management office. Situated on a 6.79-acre parcel, the individual buildings host a total of 8-units per building. Financed with one of our correspondent life insurance companies, PSRS was able to provide for its borrower a non-recourse loan with a 10-year term and 30-year amortization, in the low 3s with a minimal prepayment penalty.
Reach out to us today to discuss your loan options
(310) 471-1911
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.
 
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