4021 Richmond

$1,000,000 Acquisition Refinance of a Multifamily Property in San Diego, CA.

City: San Diego, CA
Loan amount: $1,000,000
Lender type: Credit Union
Property type: Multifamily
Size: 6 Units

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.

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