4021 Richmond

Transaction description

Ricky Giancola of PSRS arranged the $1M acquisition financing of a multifamily property in San Diego, California. The property is a two-story apartment building consisting of five 1-bedroom/1-bath units and one 2-bedroom/1-bath unit. Financed with credit union execution, PSRS was able to secure for its borrower a 10-year loan in the low 3s in under 50 days. A quick close was important to the borrower in order to meet the purchase agreement timeline.