Eastlake Village Center

$16,275,000 Retail Loan from Life Insurance Company
City: Chula Vista, CA
Loan amount: $16,275,000
Lender type: Life Insurance Company
Property type: Retail
Size: 43,471 SF
Transaction description
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.
TRANSACTION ADVISORS
Jim Mulvihill
Principal
Kevin Mulvihill
Loan Officer