Pacific Southwest Realty Services Secures $13.2M Refinancing Deal For Wilmington Plaza

The Wilmington Plaza in Los Angeles has been refinanced with a $13.2 million loan secured by Pacific Southwest Realty Services (PSRS) from one of their correspondent life insurance companies. This retail center, spanning 64,222 square feet, is located at 307-317 West Pacific Coast Highway in the Wilmington market. Tenants in the plaza include Northgate Gonzalez Market, CVS/pharmacy, and Chase Bank.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $13,200,000
• Address: 307-317 West Pacific Coast Highway
• Market: Wilmington
• Asset Size: 64,222 SF
• Brokers: Ari Zeen & Mike Thorp - Pacific Southwest Realty Services (PSRS)
• Loan Type: Refinance
• Loan Terms: Five-year term, 30-year amortization

PSRS played a crucial role in facilitating the refinancing deal for Wilmington Plaza. The loan was structured with a five-year term and 30-year amortization to provide financial support to maintain the operations of the retail center. The success of this deal highlights the expertise and connections of Ari Zeen and Mike Thorp from Pacific Southwest Realty Services (PSRS) in the real estate market.