Smart Parke

$4,000,000 Retail Loan from Life Insurance Company

City: Laguna Woods, CA
Loan amount: $4,000,000
Lender type: Life Insurance Company
Property type: Retail
Size: 23,500 SF

Transaction description

Michael Tanner and Tony Messiah of PSRS arranged the $4 million refinance of a retail property in Laguna Woods, California. The subject property is a free-standing, 23,500-square-foot retail property located in a 3.65-acre, Home Depot-anchored shopping center in Laguna Woods. The concrete building was built in 1999 and houses Smart Parke, a pet spa and boarding business. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a three-year loan term and a 25-year amortization.

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