Southridge Shopping Center

$6,500,000 Retail Loan from Life Insurance Company

City: Oregon City, OR
Loan amount: $6,500,000
Lender type: Life Insurance Company
Property type: Retail
Size: 125,000 SF

Transaction description

Seth Ludwick of PSRS arranged the $6.5 million refinance of a neighborhood shopping center in Oregon City, Oregon. The subject property is a 125,000-square-foot shopping center that includes tenants like Bi-Mart, AutoZone, Gentle Dental, Burger King, and Black Rock Coffee among many other restaurants and shops. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a 39% LTV, non-recourse loan with a 10-year term and 27-year amortization after three years of interest only. Included in the terms is a one-year lockout followed by 1% for the last nine years.

TRANSACTION ADVISORS

Seth Ludwick

Principal
Loan Officer

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