Jonny Soleimani Of PSRS Secures $21M Refinance Loan For 213990 SF Industrial Asset In Los Angeles

The asset involved in this transaction is an industrial property with a total square footage of 213,990 located in the Los Angeles market. The loan amount secured for this property is $21,000,000, classified as a refinance with specific loan terms of 2+1.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $21,000,000
• Loan Type: Refinance
• Loan Terms: 2+1
• Square Footage: 213,990
• Broker: Jonny Soleimani - PSRS- Pacific Southwest Realty Services

This refinancing transaction was completed in 30 days from initiation to closing, with competitive terms including SOFR +3.25%. The deal features a one-year prepayment penalty, along with a full-term interest-only option and a two-year term including a one-year extension option, based on a multi-tenant structure where approximately 48% is designated as owner-user.