New Bern Retail

Transaction description

Trevor Blood of PSRS arranged the $1.99 million refinance of a retail/flex property in Raleigh, North Carolina. Comprising two buildings totaling 20,130 square feet of blended retail and industrial space, the 1967-built asset underwent a comprehensive rehabilitation in 2022. On behalf of a repeat client, PSRS used a credit union execution to match the borrower’s requirement for a zero-prepayment-penalty structure. PSRS secured financing at a 60% loan-to-value ratio with a five-year term and a 25-year amortization schedule, demonstrating PSRS’s ability to deliver highly customized capital solutions across all deal sizes and geographic markets.