Pacific Station

$30,000,000 Mixed-Use Loan from Credit Union

City: Encinitas, CA

Loan amount: $30,000,000

Lender type: Credit Union

Property type: Mixed-Use

Size: 47,250 SF

Transaction description

Pasha Johnson of PSRS arranged $30,000,000 in financing for the recently reimagined Pacific Station located in the heart of Encinitas, CA. The non-recourse loan allowed ownership to capitalize on the value created by converting previously dark space into a modern office and retail community. The loan’s first three years of interest-only payments allow for maximized cash flow and its 10-year fixed term hedges against interest rate risk.