Foothill Starbucks

$2,500,000 Retail Loan from Life Insurance Company

City: La Cañada Flintridge, CA
Loan amount: $2,500,000
Lender type: Life Insurance Company
Property type: Retail
Size: 2,165 SF

Transaction description

Grady Seldin and Thomas Rudinsky of PSRS arranged the $2.5 million refinance of a Starbucks Coffee in La Cañada Flintridge, California. The subject property is a 2,165 SF pad of a larger retail center. Starbucks is a main driver for the center and did a full-scale renovation of the building in 2018 prior to moving in. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a 10-year loan term with a 25-year amortization.

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