Slatt Capital, a nationally recognized commercial mortgage banking firm, closed a financing transaction totaling $10.2 million for a mixed-use project in Pasadena. San Diego-based principal Gary Goss led the refinancing transaction for The Standard, a 27,389-square-foot multi-tenant, mixed-use property built in 1905.
The life company transaction featured a five-year term and was executed as debt financing. Assistant VP Bret Piekaar served as co-producer on the transaction.
“This financing directly supports the owner’s long-term business plan for The Standard,” said Goss. “By securing a five-year life company loan, we were able to refinance the property with accretive terms that enhance cash flow and provide the flexibility needed to continue elevating the tenant mix and overall positioning of the asset. The refinance allows the ownership to execute its strategy with greater certainty—preserving capital for targeted improvements while maintaining stability in a dynamic Pasadena market.”
