$4,350,000 Non-Recourse Cash-Out Refinance of In-Line Retail Center

Transaction Description:  Shahin Yazdi successfully placed the 65% non-recourse refinance of a 16,100 square foot Southern California retail center. Fixed at 4.53%, the 10 year term provided for a substantive return of equity to the Borrower. Pre-payment penalty steps-down from 5% over the ten year term. GSP demonstrated the strong consistent operating history during the prior 5 years to maximize loan proceeds. GSP also facilitated with the defeasance process to maintain the closing deadline.