{"id":1004229796,"date":"2018-05-15T11:18:12","date_gmt":"2018-05-15T19:18:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004229796"},"modified":"2022-12-08T17:22:05","modified_gmt":"2022-12-09T01:22:05","slug":"pacific-southwest-realty-services-closes-44m-socal-financing-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\/","title":{"rendered":"Pacific Southwest Realty Services Closes $44M SoCal Financing Deal"},"content":{"rendered":"<p>By Alex Ciorogar<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/healthcare-news-02b.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" data-attachment-id=\"1004211254\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/integra-realty-resources-expands-footprint\/healthcare-news-02b-5\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/healthcare-news-02b.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/healthcare-news-02b.png?w=800\" loading=\"lazy\" class=\"alignright wp-image-1004211254 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/healthcare-news-02b.png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/healthcare-news-02b.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/healthcare-news-02b.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/healthcare-news-02b.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Pacific Southwest Realty Services (PSRS) has closed a $44 million loan for four medical office buildings in\u00a0Southern California on behalf of Medicus Property Group, an owner and operator of health-care facilities and medical practices. Based in San Diego, PSRS Vice President\u00a0David Hamilton arranged the negotiations.<\/p>\n<p>The financing was structured to refinance three of the borrower\u2019s properties in San Diego and Temecula, Calif., and to acquire El Camino in\u00a0Encinitas, Calif. The high-leverage, non-recourse loan has a floating interest rate and a flexible prepayment structure which includes a\u00a0$3.2 million reserve that the borrower can access for capital expenditures, tenant improvements and leasing commissions.<\/p>\n<p><em>&#8220;Success in mortgage banking comes slowly and requires patience. In the case of Medicus, my initial focus was simply to provide value and establish trust, allowing the relationship to grow stronger over time,&#8221; <\/em>said Hamilton in prepared remarks.<\/p>\n<p class=\"contentsegment\" style=\"text-align: justify\">In November 2017, Pacific Southwest Realty Services arranged financing for Madison Marketplace, a 258,981-square-foot shopping center in Fair Oaks, Calif., bought by NewMark Merrill Cos. <a href=\"https:\/\/www.commercialsearch.com\/news\/newmark-merrill-buys-ca-shopping-center\/\">The financing was structured as a 10-year fixed-rate loan<\/a> provided by John Hancock Insurance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The high-leverage, non-recourse loan has a floating interest rate and a flexible prepayment structure which includes a $3.2 million reserve.<\/p>\n","protected":false},"author":928,"featured_media":1004211254,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21754,21742,1608,15],"tags":[38414],"class_list":["post-1004229796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-medical-office","category-latest","category-san-diego","category-west","tag-pacific-southwest-realty-services"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Pacific Southwest Realty Services Closes $44M SoCal Financing Deal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pacific Southwest Realty Services Closes $44M SoCal Financing Deal\" \/>\n<meta property=\"og:description\" content=\"The high-leverage, non-recourse loan has a floating interest rate and a flexible prepayment structure which includes a $3.2 million reserve.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-15T19:18:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:22:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/healthcare-news-02b.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Alex Ciorogar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\\\/\"},\"author\":{\"name\":\"Alex Ciorogar\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/b4a70df0ad52ca9767a9e26548ab1aad\"},\"headline\":\"Pacific Southwest Realty Services Closes $44M SoCal Financing Deal\",\"datePublished\":\"2018-05-15T19:18:12+00:00\",\"dateModified\":\"2022-12-09T01:22:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\\\/\"},\"wordCount\":192,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/03\\\/healthcare-news-02b.png\",\"keywords\":[\"Pacific Southwest Realty Services\"],\"articleSection\":[\"Deals\",\"Investment\",\"Medical Office\",\"News\",\"San Diego\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\\\/\",\"name\":\"Pacific Southwest Realty Services Closes $44M SoCal Financing Deal - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/03\\\/healthcare-news-02b.png\",\"datePublished\":\"2018-05-15T19:18:12+00:00\",\"dateModified\":\"2022-12-09T01:22:05+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/b4a70df0ad52ca9767a9e26548ab1aad\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/03\\\/healthcare-news-02b.png\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/03\\\/healthcare-news-02b.png\",\"width\":800,\"height\":620},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pacific Southwest Realty Services Closes $44M SoCal Financing Deal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/b4a70df0ad52ca9767a9e26548ab1aad\",\"name\":\"Alex Ciorogar\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/57629d9a1f3cafa2e0034d4c9eec0860dec17daedc3f7eded7f733c09311cae9?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/57629d9a1f3cafa2e0034d4c9eec0860dec17daedc3f7eded7f733c09311cae9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/57629d9a1f3cafa2e0034d4c9eec0860dec17daedc3f7eded7f733c09311cae9?s=96&d=mm&r=g\",\"caption\":\"Alex Ciorogar\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/alexciorogar\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Pacific Southwest Realty Services Closes $44M SoCal Financing Deal - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\/","og_locale":"en_US","og_type":"article","og_title":"Pacific Southwest Realty Services Closes $44M SoCal Financing Deal","og_description":"The high-leverage, non-recourse loan has a floating interest rate and a flexible prepayment structure which includes a $3.2 million reserve.","og_url":"https:\/\/www.commercialsearch.com\/news\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-05-15T19:18:12+00:00","article_modified_time":"2022-12-09T01:22:05+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/healthcare-news-02b.png","type":"image\/png"}],"author":"Alex Ciorogar","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\/"},"author":{"name":"Alex Ciorogar","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b4a70df0ad52ca9767a9e26548ab1aad"},"headline":"Pacific Southwest Realty Services Closes $44M SoCal Financing Deal","datePublished":"2018-05-15T19:18:12+00:00","dateModified":"2022-12-09T01:22:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\/"},"wordCount":192,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/healthcare-news-02b.png","keywords":["Pacific Southwest Realty Services"],"articleSection":["Deals","Investment","Medical Office","News","San Diego","West"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\/","url":"https:\/\/www.commercialsearch.com\/news\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\/","name":"Pacific Southwest Realty Services Closes $44M SoCal Financing Deal - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/healthcare-news-02b.png","datePublished":"2018-05-15T19:18:12+00:00","dateModified":"2022-12-09T01:22:05+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b4a70df0ad52ca9767a9e26548ab1aad"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/healthcare-news-02b.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/healthcare-news-02b.png","width":800,"height":620},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/pacific-southwest-realty-services-closes-44m-socal-financing-deal\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Pacific Southwest Realty Services Closes $44M SoCal Financing Deal"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b4a70df0ad52ca9767a9e26548ab1aad","name":"Alex Ciorogar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/57629d9a1f3cafa2e0034d4c9eec0860dec17daedc3f7eded7f733c09311cae9?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/57629d9a1f3cafa2e0034d4c9eec0860dec17daedc3f7eded7f733c09311cae9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/57629d9a1f3cafa2e0034d4c9eec0860dec17daedc3f7eded7f733c09311cae9?s=96&d=mm&r=g","caption":"Alex Ciorogar"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/alexciorogar\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/healthcare-news-02b.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004229796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/928"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004229796"}],"version-history":[{"count":7,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004229796\/revisions"}],"predecessor-version":[{"id":1004532676,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004229796\/revisions\/1004532676"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004211254"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004229796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004229796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004229796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}