Lakewood Shopping Center
$6,000,000 Retail Loan from Life Insurance Company
Kostas Kavayiotidis and Jacob Lee of PSRS arranged the $6 million additional funding for a retail shopping center in Lakewood, California. The subject property is a 60,715 SF grocery-anchored neighborhood center in the ultra-dense city of Lakewood in south Los Angeles County. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a non-recourse loan co-terminus with the original financing.