FINANCED
Pacific Southwest Realty Services Arranges $1.2M Refinance Loan For Industrial Property In Orange
Pacific Southwest Realty Services brokers deal for $1.2M in Orange, CA
Industrial
8,840 SF
8,840 SF
Financed 1 year ago
Summary
Loan
CALIFORNIA
Industrial
8,840 sqft
A industrial property in Orange, with a square footage of 8,840, has recently undergone a loan transaction.
Summary of transaction details
- Property Type: Industrial
- Loan Amount: $1,200,000
- Loan Type: Refinance Loan
- Loan Terms: 5-Year Term. 25-Year Amortization. 3.375% Rate.
The loan was facilitated by Jonny Soleimani from Pacific Southwest Realty Services. Despite the challenges posed by the property's single-tenant nature and the upcoming lease expiry in January 2022, the lender was able to provide the most favorable terms in the market. Moreover, they creatively structured the deal to accommodate the solid building in a market with a low 1.7% vacancy rate. The borrower was incentivized to sign a new lease as soon as possible.
For further inquiries about this loan transaction, interested parties can reach out to Jonny Soleimani at 310-471-1998 or [email protected].
Players
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2
Agents
1
Agencies
1
Details
FINANCED
IMAGE: Jonny Soleimani
DATE: 10/21/2021
MARKET: Orange
ASSET TYPE: Industrial ~ SF: 8,840
BROKER: Jonny Soleimani (@SoleimaniJonny) - Pacific Southwest Realty Services
LOAN AMOUNT: $1,200,000
LOAN TYPE: Refinance Loan
LOAN TERMS: 5-Year Term. 25-Year Amortization. 3.375% Rate.
NOTES: Most lenders declined this deal due to its single-tenant nature & lease expiry in January 2022. Not only did our lender's terms prove to be the best the broader market had to offer, they were also able to creatively structure the deal to account for a solid building in a market with a 1.7% vacancy rate while ensuring and in fact incentivizing the borrower to sign a new lease ASAP. Contact Jonny at 310-471-1998 and [email protected] for further inquiries.View on map
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AddressPacific Southwest Realty Services brokers deal for $1.2M in Orange, CA
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