$2,250,000 Industrial Loan from Bank
Michael Tanner and Jonny Soleimani of PSRS arranged the $2.25MM refinance of a single-tenant industrial building in Agua Mansa, California. The subject property is a well located, divisible, class A industrial building totaling 54k SF that is part of an industrial park constructed in 2008. Financed with bank execution and days away from loan maturity, PSRS was able to secure for their client a non-recourse, 10-year term with a 30-year amortization. The loan will carry open prepay.