Artesia Office

Transaction description

Trevor Blood of PSRS arranged $2.8 million in acquisition financing for a 9,373-square-foot owner-user office building in Artesia, California. Because this was an owner-user purchase, PSRS targeted a relationship bank willing to underwrite the strength of the sponsor’s operating business. This approach successfully secured maximum proceeds, achieving a 75% loan-to-value ratio, despite broader market headwinds against the office sector. The resulting loan features a 15-year term and a 15-year amortization schedule. Notably, a bank execution was critical for this high-leverage request, and PSRS has noted a strong resurgence in correspondent life company appetite for office assets throughout 2026.