$1,725,000 Retail Loan from Credit Union
Michael Tanner and Tony Messiah of PSRS arranged the $1,725,000 acquisition financing of a retail center in San Diego, CA. The subject property is a free-standing, 5,163 SF four-unit multi-tenant retail property. The property is 100% occupied with all leases being on a full NNN basis. Financed with credit union execution, PSRS provided its borrower with a 10-year loan term and a 25-year amortization.