Trevor Blood Of PSRS Secures $9.5M Refinance For Plaza Las Brisas Retail Center In Murrieta

The property asset involved in this transaction is a retail center located at 39840-39872 Los Alamos Road in Murrieta. The center has a total square footage of 43,000 and was reported to be 97% leased at the time of refinancing. The transaction facilitated a loan amount of $9,500,000 which was executed as a refinance deal.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,500,000
• Loan Type: Refinance
• Loan Terms: 10-year loan with a 30-year amortization schedule
• Broker: Trevor Blood - PSRS- Pacific Southwest Realty Services
• Asset Address: 39840-39872 Los Alamos Road
• Market: Murrieta
• Correspondent: Life insurance company

Trevor Blood from PSRS- Pacific Southwest Realty Services arranged the refinancing for Plaza Las Brisas, successfully securing a 10-year loan to replace a maturing CMBS loan. This financing strategy highlights the broker's role in enhancing the financial structure of the retail center.