Slauson Industrial

$1,000,000 Industrial Loan from Life Insurance Company

City: Commerce, CA
Loan amount: $1,000,000
Lender type: Life Insurance Company
Property type: Industrial
Size: 24,263 SF

Transaction description

Jonny Soleimani and Matthew Farzinpour of PSRS arranged the $1 million refinance of an industrial outdoor storage property in Commerce, California. The collateral is a 24,263-square-foot parcel leased to an outdoor industrial storage operator on a 10-year NNN lease. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a five-year loan term and a 25-year amortization.

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