La Mesa Village Plaza

$4,500,000 Mixed-Use Loan from Life Insurance Company

City: San Diego, CA
Loan amount: $4,500,000
Lender type: Life Insurance Company
Property type: Mixed-Use
Size: 47,554 SF

Transaction description

James Mulvihill and Kevin Mulvihill of PSRS arranged the $4.5 million refinance of a mixed-use property located in San Diego, California. The subject property includes the inline retail space and two office buildings at the property totaling 47,554 SF, along with a level of garage parking. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a 46% LTV, 7-year loan term with a 25-year amortization and early rate lock to meet the timing of the borrower’s Fall 2023 maturity of their existing loan.



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