$2.500,000 Retail Loan from Life Insurance Company
Michael Warner of PSRS arranged the $2.5 million cash-out refinance of a retail property in Hawthorne, California. The subject property is a highly trafficked, multi-tenant, 10,000 SF retail plaza with 60 parking spaces. National tenants include Subway, Cricket Wireless, Farmer’s Insurance, and more. Closed in 55 days and financed with one of our correspondent life insurance companies, PSRS provided its borrower a 10-year loan term and a 25-year amortization.