Transaction Overview
GSP successfully placed the refinanced of a pair of Playa Del Rey office buildings for a prominent Los Angeles law firm. The borrower requested a minimum of 10 years fixed for this owner/user asset. The property is held in family trusts and GSP identified the lender that was comfortable with the loan guaranty structure. GSP negotiated a 10-year fixed-rate loan below 4% for this no-cash-out refinance.
