Gladwick Industrial

$2,800,000 Industrial Loan from Life Insurance Company

City: Compton, CA
Loan amount: $2,800,000
Lender type: Life Insurance Company
Property type: Industrial
Size: 27,000 SF

Transaction description

Dave Semmer of PSRS arranged the $2.8 million refinance of an industrial property in Compton, California. The subject property is a one-story, 27,000-square-foot light industrial property built in 1972 and located in the Rancho Dominguez submarket of Los Angeles. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with an interest-only, non-recourse loan with a 5+5-year term and 30-year amortization after the initial interest-only period burned off.

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