First & Raitt

$2,435,000 Retail Loan from Bridge Lender

City: Santa Ana, CA
Loan amount: $2,435,000
Lender type: Bridge Lender
Property type: Retail
Size: 9,953 SF

Transaction description

Mike Davis and Tony Messiah of PSRS arranged the $2,435,000 bridge financing of a retail property in Santa Ana, California for a private investor. The subject property is a 9,953-square-foot infill strip retail center with 44 parking spaces and a significant long-term upside. Financed with a bridge lender, PSRS provided its borrower with a 12-month interest-only loan term to execute their business plan.

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