Encinitas Wellness Center
$7,000,000 Cash-out Refinance of Encinitas Wellness Center
City: Encinitas, CA
Loan amount: $7,000,000
Lender type: Credit Union
Property type: Other
Size: 27,791 SF
Transaction description
Pasha Johnson of PSRS arranged the $7MM cash-out refinance of the Encinitas Wellness Center in Encinitas, CA. The non-recourse loan offers two years of interest-only payments before rolling to a 30-year schedule. The borrower benefits from the flexibility provided by an open prepayment without penalty.
TRANSACTION ADVISORS
Pasha Johnson
Principal
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