Barstow Retail

$2,575,000 Retail Loan from Life Insurance Company

City: Barstow, CA
Loan amount: $2,575,000
Lender type: Life Insurance Company
Property type: Retail
Size: 38,900 SF

Transaction description

Jonny Soleimani and Matthew Farzinpour of PSRS arranged the $2,575,000 refinance of a retail property in Barstow, California. The subject property consists of 38,900 SF of leasable area. The collateral financed is the back half which consists of three buildings. The anchor tenant is a regional bargain store while the in-line tenants include a florist and bar/lounge. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a three-year loan term with a 25-year amortization, with the option for the loan to be fully amortized.

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