The Superior Building

$7,000,000 Mixed-Use Loan from CMBS

City: Pasadena, CA
Loan amount: $7,000,000
Lender type: CMBS
Property type: Mixed-Use
Size: 43,916 SF

Transaction description

Michael Tanner and Tony Messiah of PSRS arranged the $7 million refinance of a mixed-use property in Pasadena, California. The subject property is a 43,916-square-foot mixed-use property with ground-floor retail and office suites on the upper two floors. The property was built in 1896, renovated in 1990, and is a historic landmark. Our borrower, Edgewood Realty Partners, is a South Pasadena-based real estate investment firm with 32 years of real estate investment and development experience, encompassing over $2 billion in owned and/or managed projects. Edgewood builds and redevelops unique, design-driven projects that provide superior environments in which to work, live, dine, and shop.

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