Pacific Southwest Realty Services (PSRS) Secures $6M Refinance Loan For Mixed-Use Property In Los Angeles

The asset involved in the transaction is a mixed-use property located in Los Angeles, CA, with a total square footage of 58,138. The loan amount secured for this asset is $6,000,000, which is part of a refinance arrangement that includes specific terms for initial funding and amortization. All commercial tenants, approximately 40% of the entire building, are currently on month-to-month leases. Some apartment tenants vacated during the escrow period.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $6,000,000
• Loan Type: Refinance
• Loan Terms: $6M initial funding at 4.875%, 5-year term, 30 year amortization with ability for revolving line of credit and refinance into a 2nd DoT with cash-out upon stabilization at pre-negotiated NOI checkpoints
• Market: Los Angeles, CA
• Square Footage: 58,138

Jonny Soleimani from Pacific Southwest Realty Services (PSRS) represents the loan transaction, facilitating the refinance process under the stated terms. He can be contacted for financing needs at 310-740-0641 or via email at [email protected].