The Flats

$7,610,000 Mixed-Use Loan from Bank

City: Oceanside, CA
Loan amount: $7,610,000
Lender type: Bank
Property type: Mixed-Use
Size: 20 Units

Transaction description

Pasha Johnson and Trevan Swierczewski of PSRS arranged $7,610,000 in construction financing for 18 residential units above two ground-floor retail suites in coastal South Oceanside, San Diego. Financed with a regional bank, PSRS provided its borrower with a 24-month term. The loan was priced with an aggressive spread which helped alleviate the increase in borrowing costs felt over the last several months.



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