Washington Center is a retail asset located in the San Diego market, encompassing a total area of 33,971 square feet. The property is currently leased to local tenants and has undergone a cash-out refinance transaction.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,600,000
• Address: Washington Center
• Market: San Diego
• Loan Type: Refinance
• Broker Representatives: James Mulvihill & Kevin Mulvihill - PSRS (Pacific Southwest Realty Services)

PSRS facilitated the refinancing process for Washington Center, employing a life insurance lender to retire existing debt and provide the borrower with the ability to extend the loan term. This refinancing arrangement allowed for increased financial flexibility for the borrower.