Banc Of Californa Provides $7.65M Refinance Loan For Retail Property On N Vermont Ave - PSRS Acts As The Broker

The subject property is a two-story walk-up retail center located at 1000 N Vermont Ave in Los Angeles. It spans 21,890 square feet and consists of 17 units. The property was recently involved in a loan transaction.

Summary of transaction details:

• Property Type: Retail
• Loan Amount: $7,650,000

The lender for this transaction was Banc of California. The loan was a refinance loan with a 4.45% interest rate. The terms of the loan included a 5-year loan term, with the first 2 years being interest-only, followed by a 30-year amortization period.

The broker involved in this transaction was William DeFanti from PSRS. PSRS provided its borrower with a 4.45% interest rate loan, allowing for a longer-term amortization to maximize loan dollars in the current market environment. For more information, you can contact William DeFanti at [email protected] or (310) 471-1945.