PUMP Restaurant

$3,100,000 Retail Loan from Agency

City: West Hollywood, CA
Loan amount: $3,100,000
Lender type: Agency
Property type: Retail
Size: 6,438 SF

Transaction description

Tony Messiah of PSRS successfully secured a $3.1 million refinance for a retail property located in West Hollywood, California. This single-tenant retail property features 6,438 rentable square feet on a 0.15-acre land parcel, housing a restaurant/lounge. Positioned on one of the busiest intersections in West Hollywood, near North Robertson Blvd and Santa Monica Blvd, the property stands as a prime investment. Financed through one of our correspondent life insurance companies, PSRS provided the borrower with a competitively priced 25-year loan term and a 25-year amortization, subject to adjustments every three years.

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