Paramount Industrial

$25,000,000 Industrial Loan from LIfe Insurance Company

City: Paramount, CA
Loan amount: $25,000,000
Lender type: LIfe Insurance Company
Property type: Industrial
Size: 282,000 SF

Transaction description

David Semmer of PSRS arranged the $25 million cash-out refinance of an industrial property in Paramount, California. The subject property is a concrete tilt-up construction, 282,000-square-foot industrial property built in 1979 with 270 parking spaces. Financed with life insurance company execution, PSRS provided its borrower a non-recourse loan with a sub-6% rate and spread of 1.55% + treasuries. The term is an eight-year loan with a 25-year amortization. The desirable property type, asset class, and location created a bidding war between our lenders.

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