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$9,200,000 Multifamily Loan from Credit Union

City: San Diego, CA
Loan amount: $9,200,000
Lender type: Credit Union
Property type: Multifamily
Size: 37 Units

Transaction description

Pasha Johnson of PSRS recently arranged a $9.2MM loan for a mixed-use building in San Diego, California. The project is composed of 37 multifamily units with contemporary unit designs and finishes over ground floor supporting retail. The loan was able to maximize cash flow by capitalizing on the low-interest-rate environment coupled with interest-only payments. This lender program pushes proceeds higher than their Freddie/Fannie competition and allows for prepayment at any point during the loan term without penalty.

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