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DANA POINT, CALIF. — PSRS has arranged $6.5 million in cash-out refinancing for a 31,801-square-foot shopping center in Dana Point. Secured through a bank relationship, the competitive, non-recourse loan features a sub-30 percent loan-to-value ratio and a three-year, full-term interest-only structure. Michael Presser of PSRS handled the financing for the undisclosed borrower.