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PSRS Arranges $1.4M Refinance Loan For Palm Street Apartments, San Luis Obispo

Property Image
FINANCED
$1,400,000
Jonny Soleimani
Thomas Rudinsky

California

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MultiFamily
Financed 04/23/2024
the dealplayerscompscontact
Property Image
FINANCED

PSRS Arranges $1.4M Refinance Loan For Palm Street Apartments, San Luis Obispo

1334 Palm Street

See Similar Deals
MultiFamily
Financed 04/23/2024
Jonny Soleimani
Thomas Rudinsky
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

The Palm Street Apartments in San Luis Obispo have undergone a $1.4 million refinancing deal. The multifamily asset spans 0.33 acres and consists of 11 apartments with on-site parking.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Address: 1334 Palm Street
  • Market: San Luis Obispo
  • Loan Type: Refinance
  • Loan Terms: 7 year

Jonny Soleimani and Thomas Rudinsky of PSRS- Pacific Southwest Realty Services played a key role in facilitating the seven-year loan totaling $1.4 million through a bank for the Palm Street Apartments in San Luis Obispo.

Players

Jonny Soleimani
PSRS- Pacific Southwest Realty Services
Jonny Soleimani
16 deals$199.8M volume
BROKER
Thomas Rudinsky
PSRS- Pacific Southwest Realty Services
Thomas Rudinsky
6 deals$24.6M volume(310) 440-2307
BROKER

Details

FINANCED
IMAGE: 04/23/2024 ADDRESS: 1334 Palm Street MARKET: San Luis Obispo ASSET TYPE: Multifamily ~ UNITS: 11 ~ ACRES: 0.33 BROKERS: Jonny Soleimani & Thomas Rudinsky - PSRS- Pacific Southwest Realty Services LOAN AMOUNT: $1,400,000 LOAN TYPE: Refinance LOAN TERMS: 7 year NOTE: PSRS facilitated a $1.4 million refinancing deal for Palm Street Apartments in San Luis Obispo, securing a seven-year loan through a bank. The multifamily asset, spanning 0.33 acres and comprising 11 apartments with on-site parking, was represented by Jonny Soleimani and Thomas Rudinsky of PSRS.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,400,000.00

Monthly NOI$9,333.33
Monthly Debt Service$8,848.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00