$7,208,000 Bridge-to-Sale Loan on Entitled Land in Downtown Los Angeles, California.
FINANCED DTLA Development
Property Type: Multifamily
Lender: Bank City: Los Angeles, California Size: 25,464 SF
Jonny Soleimani and Matthew Farzinpour of PSRS arranged the $7,208,000 bridge-to-sale loan on entitled land in downtown Los Angeles. The collateral is two parcels totaling 25,464 SF where entitlements have been secured to construct a 300+ unit multifamily development. Financed with bank execution, PSRS provided its borrower with an 18-month loan term with a sub-10% interest rate.
$5,100,000 Refinance of a Medical Office Building in Irvine, California.
FINANCED Deerfield Medical Plaza
Property Type: Medical Office
Lender: Life Insurance Company City: Irvine, California Size: 17,500 SF
Michael S. Tanner and Tony Messiah of PSRS arranged the $5.1 million refinance of a medical office building in Irvine, California. The subject property is a 17,500-square-foot medical office building built in 2009 of wood-framed construction with a stucco and stone exterior. The site has roughly two acres of land and 98 parking spaces. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a three-year loan term with a 25-year amortization.
$1,000,000 Refinance of an Industrial Outdoor Storage Property in Commerce, California.
FINANCED Slauson Industrial
Property Type: Industrial Outdoor Storage
Lender: Life Insurance Company City: Commerce, California Size: 24,263 SF
Jonny Soleimani and Matthew Farzinpour of PSRS arranged the $1 million refinance of an industrial outdoor storage property in Commerce, California. The collateral is a 24,263-square-foot parcel leased to an outdoor industrial storage operator on a 10-year NNN lease. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a five-year loan term and a 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.
