Davita Oxnard

Transaction description

Jacob Lee and Nathan Toomey of PSRS arranged the $4 million refinance of an 11,500-square-foot single-tenant Davita Dialysis center in Oxnard, California. Davita has been at this location since 2020 and will maintain this location, as this is one of their best locations in Southern California. Sourced through a commercial bank partner, PSRS closed a 60% loan-to-value (LTV) capital solution with a 10-year term with 5-year rate resets, a 25-year amortization schedule, and a flexible prepayment penalty.