Foothill Blvd Retail

$3,000,000 Retail Loan from Bank

City: La Canada Flintridge, CA
Loan amount: $3,000,000
Lender type: Bank
Property type: Retail
Size: 22,240 SF

Transaction description

David Blain of PSRS arranged the $3 million refinance of a retail strip center in La Canada Flintridge, California. The subject property is a 22,240-square-foot unanchored strip center constructed in 1977 and renovated in 2001. Financed with bank execution, PSRS provided its borrower with a non-recourse, 10-year loan term with a 25-year amortization.

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