Cerritos Industrial

Transaction description

Seth Ludwick and Thomas Rudinsky of PSRS arranged the $3 million refinance of a 113,000-square-foot industrial facility in Cerritos, California. Sourced through one of PSRS’s correspondent life insurance companies, the non-recourse transaction provided the borrower with a 30% loan-to-value (LTV) capital structure featuring a 10-year fixed term and a 30-year amortization schedule. Marking the third consecutive financing executed for this asset with the same Life Co partner, the transaction underscores the depth of PSRS’s correspondent relationships and the long-term value delivered through precise lender-borrower alignment.