Anaheim Industrial

$3,500,000 Industrial Loan from Life Insurance Company

City: Anaheim, CA
Loan amount: $3,500,000
Lender type: Life Insurance Company
Property type: Industrial
Size: 22,860 SF

Transaction description

Mike Thorp and Ari Zeen of PSRS arranged the $3.5 million refinance of an industrial property in Anaheim, California. The subject property is a 22,860 SF freestanding industrial building with 2,000 SF used as an office area. There are two large, private, fenced yard areas with an oversized 1.39-acre lot. The building consists of a 20-foot clear height with three docks high and four ground-level doors. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a non-recourse loan, with a five-year term and a 30-year amortization along with proceeds in cash-out.

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