Jacob Lee & Nathan Toomey Of PSRS Arrange $6 Million Refinancing For Industrial Asset In Grover Beach

An industrial asset located at 928 Huston Street in Grover Beach encompasses a total square footage of 70,947. The property involved in this transaction was refinanced for an amount of $6,000,000, structured through a correspondent life insurance company.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,000,000
• Loan Type: Refinance
• Loan Terms: 25-year
• Loan-to-Value: 74%
• Brokers: Jacob Lee & Nathan Toomey
• Agency: PSRS (Pacific Southwest Realty Services)
• Date of Transaction: 04/27/2026

Jacob Lee and Nathan Toomey played key roles in securing the refinancing arrangement for this two-building industrial asset. Their expertise facilitated the structure of the financial deal, contributing to the execution of the loan terms over a 25-year period.