Industrial Portfolio San Diego
$38,550,000 Industrial Loan from Life Insurance Company
Daniel J. Phelan and Jen Mustard of PSRS arranged the $38,550,000 cash-out refinance of a five-property industrial portfolio located in San Diego, California. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a 60% LTV, non-recourse loan with a 10-year term with a 25-year amortization. A highlight of this deal was that it was a partnership re-capitalization.