Mission Road Kitchens

$7,100,000 Industrial Loan from Credit Union

City: Los Angeles, CA
Loan amount: $7,100,000
Lender type: Credit Union
Property type: Industrial
Size: 15,858 SF

Transaction description

Mike Davis and David Sarnoff of PSRS arranged the $7.1 million refinance of a multi-tenant commercial kitchen property in Los Angeles, California. The subject property is a single-story, 15,858 SF industrial building built in 1933 that was fully renovated and converted into a commercial kitchen by Maker Kitchens in 2022. The building offers private, turn-key kitchen solutions for local food & beverage businesses. Kitchens come equipped with hood systems, fire suppression equipment, walk-in community refrigerators and freezers, and many other amenities to fulfill their tenant’s kitchen needs. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a 5+5+5+5+5-year loan term and a 25-year amortization.




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