PSRS Secures $15 Million Refinancing for Galleria L’Orange Retail Center Near Los Angeles

by Hayden Spiess

Orange, Calif. — PSRS has arranged $15 million in financing for Galleria L’Orange, a multi-tenant retail center in Orange, roughly 30 miles outside of Los Angeles. Michael Tanner and Tony Messiah of PSRS secured the non-recourse loan, which features a 10-year term and 30-year amortization. A correspondent life insurance company provided the capital. Situated on 3.1 acres, the three-building property offers 40,323 square feet of retail space and 180 parking spaces. Tenants include Starbucks Coffee, Supercuts, U.S. Bank, H&R Block and T-Mobile.

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