Riverside-Apts-Riverside-CA

PSRS Arranges $3.5M Refinancing for Riverside Apartments in California

by Amy Works

RIVERSIDE, CALIF. — PSRS has arranged the $3.5 million cash-out refinancing of Riverside Apartments, a multifamily property located in Riverside. David Sarnoff of PSRS secured the 10-year, fixed-rate loan with a flexible prepayment structure. The name of the borrower was not released.

Built in 1990, the wood-frame property features 32 garden-style apartments.

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