Pacific Southwest Realty Services Secures $9.6 Million Refinance Loan For Mixed-Use Community In Pasadena

Renaissance Court, a mixed-use community located at 456 East Orange Grove Boulevard in Pasadena, has secured a $9.6 million non-recourse loan for refinancing. The property consists of 41 multifamily units and nine ground-level retail units, making it a versatile mixed-use asset in the Pasadena market.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $9,600,000
• Units: 41
• Address: 456 East Orange Grove Boulevard
• Market: Pasadena

Kostas Kavayiotidis, a representative of Pacific Southwest Realty Services (PSRS), played a pivotal role in securing the loan. This financing arrangement was made possible through a life insurance company. The loan terms include a 10-year term and a 30-year amortization period, enhancing the financial stability of the transaction.