Jonny Soleimani Of PSRS Secures $9.4M Refinance Loan For 25,002 SF Retail In Inland Empire

The transaction involves a retail asset located in the Inland Empire, encompassing a total square footage of 25,002. The property is fully occupied, boasting a robust occupancy history and a solid remaining lease term with predominantly national tenants. The loan amount secured for this asset is $9,400,000, under a refinance arrangement with terms set for a duration of 5 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,400,000
• Loan Type: Refinance
• Loan Terms: 5 Years
• Market: Inland Empire
• Asset Square Footage: 25,002
• Broker: Jonny Soleimani - PSRS (Pacific Southwest Realty Services)
• Occupancy Status: 100% occupied
• Occupancy History: Excellent
• Tenants: Mostly national tenants
• Loan Per Square Foot: Relatively higher based on location
• Loan Structure: Non-recourse, ~55% loan closed under 5.50%

Representing the transaction is Jonny Soleimani from PSRS (Pacific Southwest Realty Services), who facilitated this loan arrangement emphasizing the property's strong leasing situation and the quality of tenants involved.