Updated May 23, 2025
PSRS Secures $8M Refinance Loan For 58,834 SF Retail Property In Westminster
9200 Bolsa Avenue
$8,000,000
$136/SF
Building Size
58,834 SF
Asset Type
Retail
Closing
May 22, 2025
About this deal
AI
The asset involved in this transaction is a retail property located at 9200 Bolsa Avenue in Westminster, with a total square footage of 58,834. The transaction consists of a refinance loan amounting to $8,000,000 for this property. The market for this asset is specifically noted as Westminster's Little Saigon district, and it features a 25-year loan with a 25-year amortization and a 35% loan-to-value ratio.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,000,000
- Loan Type: Refinance
- Loan Terms: 25-year loan, 25-year amortization
- Address: 9200 Bolsa Avenue
- Market: Westminster
- Asset Size: 58,834 SF
- Broker Representatives: Ari Zeen & Rob Joseph - PSRS- Pacific Southwest Realty Services
The refinancing loan was arranged by the brokerage duo of Rob Joseph and Ari Zeen from Pacific Southwest Realty Services. They facilitated the loan through a correspondent life insurance company, highlighting their expertise in securing financing for substantial retail assets.
Players
Westminster Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93