The North Parker

$14,000,000 Mixed-Use Loan from Bank

City: San Diego, CA
Loan amount: $14,000,000
Lender type: Bank
Property type: Mixed-Use
Size: 32 Units

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.

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