Former Vogue Theater
$4,000,000 Retail Loan from Life Insurance Company
Tony Messiah of PSRS successfully secured a $4 million refinance for a strip retail center in Hollywood, California. The subject property is a multi-tenant, two-story retail space constructed in 1935, encompassing 18,600 rentable square feet. Currently, it is fully occupied, with a significant tenant, a church, occupying 80% of the square footage for the next 10 years. Financed through one of our correspondent life insurance companies, PSRS has provided the borrower with a competitively priced 20-year loan term featuring a 20-year amortization, with adjustments every three years.