Pacoima Industrial

Transaction description

Mike Davis and David Sarnoff of PSRS arranged the $7 million cash-out refinance of an industrial property in Pacoima, California. The subject property is a 113,500 SF industrial distribution building built in 1979 and has recently undergone renovations. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a non-recourse loan with a 10-year interest-only term.