US EditionPSRS Secures $9.5M Refinancing for Plaza Las Brisas Retail Center in Murrieta, California
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PSRS Secures $9.5M Refinancing for Plaza Las Brisas Retail Center in Murrieta, California
MURRIETA, CALIF. — PSRS has arranged $9.5 million in refinancing for Plaza Las Brisas, a retail property in Murrieta. The 43,000-square-foot shopping center, which features 214 parking spaces, was 97 percent occupied at the time of financing. Trevor Blood of PSRS secured the 10-year loan with a 30-year amortization schedule through a correspondent life insurance company for the undisclosed borrower. Loan proceeds refinanced a maturing CMBS loan.…
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