Michael Tanner & David Sarnoff Of Pacific Southwest Realty Services Arrange $14M Refinance For Industrial Property In Irvine

The property involved in the transaction is a 99,576-square-foot industrial flex facility located at 17522 Armstrong Avenue in Irvine, CA. The loan amount for the refinancing is $14,000,000. The asset features a climate-controlled warehouse, loading doors, and dedicated office space. The refinancing carries a 60% loan-to-value (LTV) ratio and offers a two-year, full interest-only term.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,000,000
• Address: 17522 Armstrong Avenue
• Market: Irvine, CA
• Asset Size: 99,576 SF
• Loan Type: Refinance
• Loan Terms: Two-year, full interest-only term
• Loan-to-Value Ratio: 60%

The deal was facilitated by brokers Michael Tanner and David Sarnoff from Pacific Southwest Realty Services (PSRS). They arranged the refinancing loan through an undisclosed debt fund, highlighting their role in securing financing for the property.