PSRS Arranges $7.6M Refinancing for Retail Center in Los Angeles

by Amy Works

LOS ANGELES — PSRS has arranged a $7.6 million cash-out refinance of a two-story retail center in Los Angeles. The name of the borrower was not released.

William DeFanti of PSRS secured the refinancing, which features a 4.45 percent interest rate, five-year term and two years of interest-only payments followed by a 30-year amortization.

The subject property is a walk-up retail center with 17 suites.

You may also like