Cabrillo Business Park

$18,000,000 Flex Loan from Life Insurance Company
City: Goleta, CA
Loan amount: $18,000,000
Lender type: Life Insurance Company
Property type: Flex
Size: 232,143 SF
Transaction description
Pasha Johnson of PSRS arranged $18 million in construction take-out financing for 232,143 SF of flex space across three buildings in Goleta, CA. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a non-recourse, 12-year fixed term that allowed them to lock in today’s interest rates for an extended period of time.
TRANSACTION ADVISORS
Pasha Johnson
Principal