Westminster Auto Center
$2,400,000 Retail Loan from Life Insurance Company
Mike Davis and David Sarnoff of PSRS arranged the $2.4 million refinance of a retail auto center in Garden Grove, California. The subject property is a multi-tenant auto center located in the heart of Orange County and makes up 10,800 SF of retail space. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a 10-year loan term with a 20-year amortization.