Pacific Southwest Realty Services Arranges $3M Refinance Loan For Summerdale Apartments

The Summerdale Apartments in Anaheim, a 34-unit multifamily property located at 1230 South Dale Avenue, received $3 million in financing. The loan was a non-recourse loan with a seven-year, interest-only term arranged by Grady Seldin and Thomas Rudinsky from Pacific Southwest Realty Services (PSRS).

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,000,000
• Address: 1230 South Dale Avenue
• Market: Anaheim
• Loan Type: Refinance
• Loan Terms: Seven-year, interest-only term

PSRS, represented by Grady Seldin & Thomas Rudinsky, secured the financing for the Summerdale Apartments through a correspondent life insurance company for an undisclosed borrower. The property boasts amenities like a pool and on-site laundry facilities.