Gramercy & Mason

$4,600,000 Retail Loan from Bank

City: Meridan, ID
Loan amount: $4,600,000
Lender type: Bank
Property type: Retail
Size: 27,022 SF

Transaction description

Kostas Kavayiotidis and Jacob Lee of PSRS arranged the $4.6 million refinance of two separate free-standing retail properties in Meridian, Idaho. The subject properties consist of a total of four retail buildings totaling 14 units and 27,022 SF. All buildings are fully occupied with a diverse mix of restaurants, local, and national businesses. Financed with bank execution, PSRS was able to provide for its borrower a 65% LTV, non-recourse loan, with a 10-year term and 30-year amortization.



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