Presidio property trust announces refinancing and construction loan

San diego, ca / accesswire / may 9, 2023 / (nasdaq:sqft)(nasdaq:sqftp) presidio property trust, inc. ("presidio" or the "company"), an internally managed, diversified real estate investment trust ("reit"), today announced that on may 5, 2023, the company, through its subsidiary, refinanced the mortgage loan on its grand pacific center property and entered into a construction loan related to the building and tenant improvements associated with the major lease recently completed with klj engineering llc. the refinanced loan is for approximately $3.8 million, a term of 10 years, with an interest rate of 6.35% for the first 60 months.
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