$1,544,000 Retail Loan from Credit Union
David Smyle and Daniel de Leon of PSRS arranged the $1,544,000 acquisition financing of a restaurant property in West Covina, California. The subject property is a single parcel containing one single-story building totaling 3,500 square feet. The retail structure is occupied and operated by Gaucho Grill. Financed with credit union execution, PSRS provided its borrower a 42% LTV, five-year fixed loan term with a 30-year amortization.