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PSRS Arranges $6.5M Loan for Refinancing of Shopping Center in Dana Point, California
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PSRS Arranges $6.5M Loan for Refinancing of Shopping Center in Dana Point, California
DANA POINT, CALIF. — Local financial intermediary PSRS has arranged a $6.5 million loan for the cash-out refinancing of a 31,801-square-foot shopping center in Dana Point, located in Orange County. Secured through a bank relationship, the nonrecourse 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 debt placement on behalf of the undisclosed borrower. The …
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