Smart Parke

Transaction description

Mike Tanner and Jonny Soleimani of PSRS arranged the $2.75MM refinance of a free-standing retail property in Laguna Woods, CA. The subject property located in a 3.65-acre, Home Depot-anchored shopping center in Laguna Hills. The concrete building was built in 1999 and comes equipped with more than enough parking for the many cars that populate the center daily due to neighboring tenants such as Subway, Starbucks, Jersey Mike’s, Starter Brothers, and Home Depot, among others. Executed with one of our correspondent life insurance companies, PSRS was able to secure for their client a 10-year term with a 30-year amortization.