Presidio Property Trust Announces the Refinance Mortgage on a Commercial Property

Core Insights - Presidio Property Trust has successfully refinanced the mortgage loan on its One Park Center property for $6.1 million at an interest rate of 6.83% with a five-year term [1][2] - The refinancing includes interest-only payments for the first six months and has no prepayment penalty [1] - This marks the second office property loan refinancing completed by the company within two months, following the Genesis Plaza property refinancing in August [2] Company Overview - Presidio Property Trust is an internally managed, diversified real estate investment trust (REIT) with holdings in model home properties leased to homebuilders, as well as office, industrial, and retail properties [3] - The company's model homes are primarily located in sun belt states, while its office, industrial, and retail properties are mainly situated in Colorado, with additional locations in Maryland, North Dakota, Texas, and Southern California [3]