Recent Transactions
Abpopa Hillcrest

Loan Amount: $5,700,000

San Diego, CA
Lender: Bank
Advisor: Pasha Johnson
Pasha Johnson of PSRS recently arranged a $5.7M construction take-out loan for a mixed-use apartment building in San Diego, California. The building is 100% Airbnb mixed-use development consisting of 25 unique micro-lofts, a penthouse loft event space, and two ground-floor retail suites. Funded during the ongoing Covid-19 pandemic, PSRS was able to negotiate a one-year interest reserve to be drawn down until the property reaches a 1.20x DCR.
LA Apartment Portfolio

Loan Amount: $6,600,000

Los Angeles, CA
Lender: Bank
Advisor: David Sarnoff
David Sarnoff of PSRS recently arranged the cash-out refinance of a 45-unit apartment portfolio in Los Angeles, California. The portfolio includes five apartment buildings, which are all 8-10 units, two-story, class-C apartments, located on two streets within a few blocks of each other. Executed with one of our bank lenders, the loan has a 5-year term and a 30-year amortization schedule. Sarnoff placed this full 70% LTV request with a lender that required no reserves for Covid or ongoing repairs and maintenance, in order to provide the borrower with maximum proceeds.
Premier Self-Storage

Kamas, UT
Lender: Credit Union
Advisors: William DeFanti
William DeFanti of PSRS recently arranged the cash-out refinance of a self-storage property in Kama, Utah. The property completed construction in 2018 and encompasses 244 units. The loan was done with a 10-year fixed-rate term and 30-year amortization schedule that can earnout additional loan dollars with increased leasing velocity. A differentiating factor of the loan was its ability to max dollars by basing metrics on trailing three months of income while still being in lease-up.
Reach out to us today to discuss your options.
(310) 471-1911
Today's Market Rates
Fed Prime Rate                    3.25%
5-Year Swap Rate                0.47%
10-Year Swap Rate              0.88%
30-Year Swap Rate              1.28%
5-Year Treasury                    0.39%
7-Year Treasury                    0.63%
10-Year Treasury                  0.86%
30-Year Treasury                  1.58%
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
PSRS Los Angeles

(310) 471-1911

Founded in 1972, PSRS is one of the largest privately-held commercial mortgage banking firms in the western United States.
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