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PHOENIX — PSRS has secured a $6 million loan for the refinancing for Phoenix Commercial Center, a six-building industrial campus in Phoenix. The name of the borrower was not released.
Kostas Kavayiotidis and Jacob Lee of PSRS arranged the non-recourse, fixed-rate loan, which features a 20-year term and a 20-year amortization schedule, through a correspondent life insurance company lender.
Phoenix Commercial Center offers 131,000 square feet of industrial warehouse space.