The Heisler Building

$7,425,000 Retail Loan from Life Insurance Company

City: Laguna Beach, CA
Loan amount: $7,425,000
Lender type: Life Insurance Company
Property type: Retail
Size: 14,185 SF

Transaction description

Mike Davis of PSRS arranged the $7,425,000 refinance of a retail property located in Laguna Beach, California. The subject property is a two-story building with a rooftop totaling 14,185 square feet and was constructed in 1931. The property currently houses two restaurants, one on the 1st floor and the other occupying the 2nd floor and rooftop. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a 25-year loan term with a 25-year amortization.

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