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PSRS Secures Refi for Two Idaho Retail Properties
Pacific Southwest Realty Services (PSRS) secured a $4.6-million refinancing for Gramercy and Mason Creek Retail, two separate freestanding retail properties in Meridian, ID. The firm’s Kostas Kavayiotidis and Jacob Lee arranged the 65% loan-to-value, nonrecourse loan with a 10-year term and 30-year amortization for the borrower, who wasn’t disclosed.
The properties consist of a total of four retail buildings featuring 14 units and 27,022 square feet. All buildings are fully occupied, with a diverse mix of restaurants, local and national businesses.


