Ernst Apartments

$1,520,000 Multifamily Loan from Bank

City: San Diego, CA
Loan amount: $1,520,000
Lender type: Bank
Property type: Multifamily
Size: Six Units

Transaction description

David Smyle and Matthew Winkler of PSRS arranged the $1.52 million refinance of a multifamily property in San Diego, California. The subject property is a 6-unit apartment property situated on a 6,855-square-foot site. The property consists of two one-story cottages and two two-story craftsman apartment buildings. Financed with bank execution, PSRS provided its borrower a non-recourse, 30-year loan term with a 30-year amortization and five years of interest only.

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