The North Parker

Transaction description

Pasha Johnson of PSRS arranged $14 million for the refinance of The North Parker in San Diego, CA. The subject property is a mixed-use building with 27 multifamily units over five retail suites. Financed with bank execution, PSRS provided its borrower with a 10-year, full-term interest-only loan priced at 4.14% on a non-recourse basis. The loan allows the owners to maximize their cash flow and limit liability.