Ridgemoor Square

$2,000,000 Retail Loan from Life Insurance Company

City: Studio City, CA

Loan amount: $2,000,000

Lender type: Life Insurance Company

Property type: Retail

Size: 12,083 SF

Transaction description

Michael Tanner and Tony Messiah of PSRS arranged the $2 million refinance of a retail shopping center in Studio City, California. The subject property is a 12,083-square-foot strip retail center built in 1987 with 35 parking spaces. The subject is in the heart of Studio City just 1.7 miles west of Universal Studios Hollywood. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a non-recourse loan with a 10-year term and 30-year amortization.