We’re honored to share a recent message from one of our trusted life insurance company correspondents, The Standard, congratulating PSRS on reaching the milestone of $1 billion in servicing.
Access to Life Companies, Banks, Credit Unions, Agencies, Debt Funds, CMBS
Market Rates
PSRS Milestone - $1 billion in Servicing with The Standard
We’re honored to share a recent message from one of our trusted life insurance company correspondents, The Standard, congratulating PSRS on reaching the milestone of $1 billion in servicing. Their thoughtful note highlights the strength of our long-standing relationship, built on decades of trust, collaboration, and shared success. We’re proud of the organic growth that brought us here and are excited to continue building toward even greater achievements—together.
Recent Transactions
$7,250,000 Construction Financing of 41 RV Condo Units in Lake Havasu City, Arizona.
FINANCED Riverbound Storage & RV Park
Lender:Life Insurance Company City:Vallejo, California Size:160 Acres, 41 Addl. Units Term:12-month, interest-only
David Smyle of PSRS arranged the $7.25 million construction financing of 41 additional RV Condo units for an owner-based RV Condominium Park in Lake Havasu City, Arizona. The subject property is 160 acres and has 350 units and amenities, including a golf driving range, restaurant, general store, storage lockers, and more. Financed with Obra Real Estate, PSRS provided its borrower with an 80% LTC, 12-month interest-only loan term.
$1,680,000 Refinance for a 20-Unit Multifamily Property in Chattanooga, Tennessee.
FINANCED Sweetland Apartments
Lender:Life Insurance Company City:Chattanooga, Tennessee Size:20 Units Term:30-year amortization with shorter rate reset periods
Grady Seldin and George Gianoukakis of PSRS arranged a $1.68 million refinance for a 20-unit multifamily property in Chattanooga, Tennessee. The garden-style complex consists of all two-bedroom, one-bathroom units across three two-story buildings. The sponsor recently completed a value-add renovation program, upgrading nearly all units and stabilizing the property.
The loan was placed with one of PSRS’s correspondent life insurance company lenders on behalf of a repeat Chattanooga-based client. The lender took added comfort in the sponsor’s strong relationship with Grady Seldin and the proven execution of the business plan. The structure features a 30-year amortization with shorter rate reset periods, offering the borrower the comfort of long-term debt while preserving flexibility in a dynamic rate environment.
$3,800,000 Refinance of a Self-Storage Property in Santa Barbara, California.
FINANCED State Street Storage
Lender:PSRS-servicing-based City:Santa Barbara, California Size:500 Units Term:10-year, Interest Only
Seth Ludwick and Thomas Rudinsky of PSRS arranged the $3.8 million refinance of a self-storage property in Santa Barbara, California. The subject property is a 500-unit gated storage facility with features such as 24-hour security, various unit sizes, and month-to-month leases. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a 28% LTV, non-recourse loan, with a 10-year interest-only term and perfectly timed rate lock.
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.
