$9,100,000 Industrial Loan from Life Insurance Company
Kostas Kavayiotidis of PSRS arranged the $9.1 million refinance of an industrial property in Torrance, California. The subject property is a 38,283 SF industrial warehouse centrally located in the city of Torrance, strategically situated between LAX and the ports of Los Angeles and Long Beach. The tenant is Saltbox, which divides and modularizes the warehouse space, manages the leasing, and provides a variety of logistics fulfillment services. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a 30-year amortization.