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.
TRANSACTION ADVISORS
Pasha Johnson
Principal
Trevan Swierczewski
Loan Officer
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