Magnolia Industrial Center
$7,000,000 Loan for an Industrial Property in Santee, California.
Ricky Giancola of PSRS arranged the $7MM acquisition financing of the Magnolia Industrial Center in Santee, CA. The property is a multi-tenant industrial building home to 45 tenants with a segment of space dedicated to office use in the front. The property’s central location at the intersection of the 52 and 67 freeways is a hub for commerce transiting between North, South, and East San Diego County. Financed with credit union execution, PSRS helped facilitate superior loan terms for its borrower with a fixed five-year term and a 30-year amortization.