Allied Way

$11,750,000 Industrial Loan from Life Insurance Company

City: El Segundo, CA
Loan amount: $11,750,000
Lender type: Life Insurance Company
Property type: Industrial
Size: 35,890 SF

Transaction description

Michael Thorp and Ari Zeen of PSRS arranged the $11.75 million refinance of an industrial property in El Segundo, California. The subject property is a 35,890 SF, single-tenant, free-standing industrial property sitting on 1.75 acres of land. The property includes 11,000 SF of office on the first and second floors, equating to one-third of the overall net rentable area. Financed with life insurance company execution, PSRS provided its borrower with a 10-year term and 25-year amortization with a significant amount of proceeds in cash-out. Our lender was able to get comfortable with a near-term lease roll and significant office space while crediting the borrower for a soon-to-be abandoned city easement to increase loan proceeds.




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