29th Drive Industrial

$12,000,000 Industrial Loan from Life Insurance Company

City: Phoenix, AZ
Loan amount: $12,000,000
Lender type: Life Insurance Company
Property type: Industrial
Size: 269,135 SF

Transaction description

Jacob Lee and Thomas Rudinsky of PSRS arranged the $12 million refinance of an industrial warehouse in Phoenix, Arizona. The property is a multi-tenant industrial warehouse with over 250,000 square feet. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a non-recourse, fixed-rate five-year loan and a step-down prepay with a rate in the low 6s.

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