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PSRS Arranges $11M Refinance Loan For Sunny Hills Business Park In Fullerton
FINANCED
$11,000,000
California
See Similar DealsIndustrial176,475 SF
Financed 12/04/2023
FINANCED
PSRS Arranges $11M Refinance Loan For Sunny Hills Business Park In Fullerton
223 Imperial Highway
See Similar DealsIndustrial176,475 SF
Financed 12/04/2023
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$62
Total Square Footage:176,475 SF
Transaction Type:Loan
The Sunny Hills Business Park in Fullerton, Orange County has secured an $11 million refinancing deal. The industrial/flex and office building park spans 176,475 square feet and is located at 223 Imperial Highway. The property sits on 10.3 acres in the Fullerton market.
Summary of transation details
- Property Type: Industrial
- Loan Amount: $11,000,000
- Loan Type: Refinance
- Loan Terms: nonrecourse, 10-year loan with a 30-year amortization schedule
- Brokers: Kostas Kavayiotidis & Matthew Farzinpour - PSRS- Pacific Southwest Realty Services
PSRS- Pacific Southwest Realty Services has arranged the $11 million refinancing deal for Sunny Hills Business Park. The loan is a nonrecourse, 10-year loan with a 30-year amortization schedule. The financing was obtained from one of PSRS' correspondent life insurance companies.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,000,000.00
Monthly NOI$73,333.33
Monthly Debt Service$69,527.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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