Ocean Front Walk Mixed-Use

$4,900,000 Mixed-Use Loan from Life Insurance Company

City: Venice Beach, CA
Loan amount: $4,900,000
Lender type: Life Insurance Company
Property type: Mixed-Use
Size: 5 Retail Units/11 Multifamily Units

Transaction description

Grady Seldin and Thomas Rudinsky of PSRS arranged the $4.9 million refinance of a mixed-use property on the Venice Beach Boardwalk. The property features four retail units plus a leased mural space that line the renowned boardwalk of Venice Beach. The property houses 11 residential studio units located above the retail spaces with gated parking. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a non-recourse loan, with a 5-year term and 30-year amortization.

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