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PSRS Arranges $10M Refinance Loan For Mercy Medical Office Building In San Diego

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FINANCED
$10,000,000
James Mulvihill
Kevin Mulvihill
Alexander Santulis

California

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Medical Office86,288 SF
Financed 05/16/2025
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FINANCED

PSRS Arranges $10M Refinance Loan For Mercy Medical Office Building In San Diego

4060 4th Avenue

See Similar Deals
Medical Office86,288 SF
Financed 05/16/2025
James Mulvihill
Kevin Mulvihill
Alexander Santulis
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Medical Office
Price Per Square Foot:$115
Total Square Footage:86,288 SF
Transaction Type:Loan

A loan was secured for the refinancing of an 86,288 square foot medical office building located at 4060 4th Avenue in San Diego. The transaction involved a total loan amount of $10,000,000, structured as a nonrecourse, interest-only loan.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $10,000,000
  • Loan Type: Refinance
  • Loan Terms: Nonrecourse, interest-only
  • Asset Size: 86,288 SF
  • Property Address: 4060 4th Avenue
  • Market: San Diego

The loan was arranged by brokers Alexander Santulis, Kevin Mulvihill, and James Mulvihill of PSRS - Pacific Southwest Realty Services. They secured the financing through a correspondent life insurance company lender on behalf of an undisclosed borrower.

Players

James Mulvihill
PSRS- Pacific Southwest Realty Services
James Mulvihill
2 deals$15.6M volume(858) 522-1404
BROKER
Kevin Mulvihill
PSRS- Pacific Southwest Realty Services
Kevin Mulvihill
2 deals$15.6M volume(858) 522-1403
BROKER
Alexander Santulis
PSRS- Pacific Southwest Realty Services
Alexander Santulis
3 deals$30.1M volume(858) 522-1409
BROKER

Details

FINANCED
IMAGE: Alexander Santulis, Kevin Mulvihill & James Mulvihill DATE: 05/16/2025 ADDRESS: 4060 4th Avenue MARKET: San Diego ASSET TYPE: Medical Office ~ SF: 86,288 BROKERS: Alexander Santulis, Kevin Mulvihill & James Mulvihill - PSRS- Pacific Southwest Realty Services (@PSRSLA) LOAN AMOUNT: $10,000,000 LOAN TYPE: Refinance LOAN TERMS: nonrecourse, interest-only NOTE: PSRS arranged a $10M nonrecourse, interest-only loan to refinance Mercy Medical, an 86,288 SF medical office building in San Diego.James Mulvihill, Kevin Mulvihill, and Alexander Santulis of PSRS secured the loan through a correspondent life insurance company lender for an undisclosed borrower.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$10,000,000.00

Monthly NOI$66,666.67
Monthly Debt Service$63,206.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00