LA Office & Industrial Portfolio

Transaction description

Michael Tanner and David Sarnoff of PSRS arranged a $5 million portfolio refinance for two adjacent office and industrial properties in Los Angeles, California. Secured through a correspondent life insurance company, the loan features a 10-year term and 30-year amortization. The fully leased portfolio comprises a 21,200 SF two-story office building, featuring 2,500 SF of ground-floor lab space, a backup power generator, and 58 parking spaces, paired with a contiguous 18,716 SF industrial facility equipped with two drive-in doors.