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PSRS Arranges $25M Refinance Loan For 282K SF Industrial Property In Paramount

14001 Orange Avenue
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This Industrial property located in CA received a loan of $25,000,000 about 2 months ago. The broker of the deal was David (Dave) Semmer

A $25 million cash-out refinancing was arranged by PSRS- Pacific Southwest Realty Services for a 282,000-square-foot industrial property located at 14001-14003 Orange Avenue in Paramount, Los Angeles. The undisclosed borrower received a nonrecourse loan with an eight-year term and 25-year amortization schedule from a life insurance company.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $25,000,000
  • Market: Paramount
  • Square Footage: 282,000
  • Address: 14001-14003 Orange Avenue

The loan was arranged by David Semmer from PSRS- Pacific Southwest Realty Services, who represented the borrower in the transaction.

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Deals
  • Location
    14001 Orange Avenue14001 Orange Avenue
  • Loan Value
    $25,000,000$25,000,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

David (Dave) Semmer

David (Dave) Semmer

Deals1
Financed$25M

Agency

PSRS- Pacific Southwest Realty Services

PSRS- Pacific Southwest Realty Services

Agency
Deals26
Volume$591.5M

Deal Summary

LOAN DATE: 01/08/2024 ADDRESS: 14001-14003 Orange Avenue MARKET: Paramount ASSET TYPE: Industrial ~ SF: 282,000 BROKER: David Semmer - PSRS- Pacific Southwest Realty Services (@PSRSLA) LOAN AMOUNT: $25,000,000 LOAN TYPE: Refinance LOAN TERMS: nonrecourse loan with an eight-year term and 25-year amortization schedule NOTE: PSRS arranged a $25 million cash-out refinancing for a 282,000-square-foot industrial property in Paramount, Los Angeles. The undisclosed borrower received a nonrecourse loan with an eight-year term and 25-year amortization schedule from a life insurance company.

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14001 Orange Avenue

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