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PSRS Brokers Secure $15M Refinancing Loan For Retail Property In Orange, CA

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FINANCED
$15,000,000

California

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Retail40,323 SF
Financed 11/02/2022
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FINANCED

PSRS Brokers Secure $15M Refinancing Loan For Retail Property In Orange, CA

146 South Main Street

See Similar Deals
Retail40,323 SF
Financed 11/02/2022
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$372
Total Square Footage:40,323 SF
Transaction Type:Loan

The retail property located at 146 S Main St in Orange, CA has recently undergone a refinancing loan transaction. This property spans a total of 40,323 square feet, situated on 3.1 acres of land. The loan amount for this transaction was $15,000,000, and it was a non-recourse loan with a 10-year term and 30-year amortization.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $15,000,000
  • Address: 146 S Main St, Orange, CA
  • Market: Orange, CA
  • Asset Type: Retail
  • Square Footage: 40,323
  • Acres: 3.1

Michael Tanner and Tony Messiah from PSRS served as the brokers for this refinancing loan transaction.

Players

Michael Tanner
6 deals$86M volume(310) 440-2304
BROKER

Tony Messiah
PSRS- Pacific Southwest Realty Services
3 deals$54M volume(310) 440-2301
BROKER

Details

FINANCED
IMAGE: Michael Tanner & Tony Messiah DATE: 11/02/2022 ADDRESS: 146 S Main St MARKET: Orange, CA ASSET TYPE: Retail ~ SF:40,323 ~ ACRES: 3.1 BROKERS: Michael Tanner & Tony Messiah - PSRS (@PSRSLA) LOAN AMOUNT: $15,000,000 LOAN TYPE: Refinancing Loan LOAN TERMS: non-recourse loan that features a 10-year term and 30-year amortization

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$15,000,000.00

Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00