FINANCED
Pacific Southwest Realty Services Secures $9.6 Million Refinance Loan For Mixed-Use Community In Pasadena
456 East Orange Grove Boulevard
Mixed-use
Financed 284 days ago
Summary
Loan
CALIFORNIA
Mixed-use
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.
Players
Details
FINANCED
IMAGE: Kostas Kavayiotidis
DATE: 07/31/2023
ADDRESS: 456 East Orange Grove Boulevard
MARKET: Pasadena
ASSET TYPE: Mixed-use ~ UNITS: 41
BROKER: Kostas Kavayiotidis (@Kostaskavas) - Pacific Southwest Realty Services (PSRS)
LOAN AMOUNT: $9,600,000
LOAN TYPE: Refinance
LOAN TERMS: non-recourse loan, 10-year term and 30-year amortization
NOTE: PSRS secured a $9.6 million non-recourse loan to refinance Renaissance Court, a mixed-use community in Pasadena with 41 multifamily units and nine ground-level retail units. The financing, arranged by Kostas Kavayiotidis through a life insurance company, has a 10-year term and 30-year amortization.View on map
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Address456 East Orange Grove Boulevard
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