Venice Mixed-Use

Transaction description

Michael Tanner and George Gianoukakis of PSRS arranged the $2.5 million acquisition financing of a mixed-use retail property in Venice, California. The subject property is a 6,587-square-foot mixed-use retail space that benefits from the 13 surface parking spaces available at the front of the property, making parking convenient for customers and visitors. Its location and parking make it well-suited for a variety of commercial ventures. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a 3+3+3+3+3+3+3+3+1-year term and 25-year amortization.