Pacific Southwest Realty Services (PSRS), one of the largest privately held commercial real estate finance companies in the western United States, has arranged $12.5 million in construction financing for a facility in Las Vegas, Nev. The 926-unit property will consist of two three-story buildings totaling 103,803 rentable square feet. It will also offer covered parking spaces for RV, boat and trailer storage.
Ricky Giancola of PSRS secured the financing for the undisclosed borrower through a regional bank at a 75% loan-to-cost ratio.
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