Eastlake Village Center
$16,275,000 Retail Loan from Life Insurance Company
Jim Mulvihill and Kevin Mulvihill of PSRS arranged the $16,275,000 refinance of the shop space in a retail shopping center located in Chula Vista, CA. The subject property is a 43,471 SF retail shop space within the retail center. Financed with a life insurance company, PSRS provided its client with a PSRS-serviced non-recourse loan and was able to tailor both the interest-only period and prepayment structure to meet the client’s financing requirements. PSRS will service the mortgage as part of their $6.6 billion loan serving portfolio, providing the PSRS advantage of excellent customer service to our borrower clients for the life of the loan.