Ontario Industrial

$2,000,000 Industrial Loan from Life Insurance Company

City: Ontario, CA
Loan amount: $2,000,000
Lender type: Life Insurance Company
Property type: Industrial
Size: 52,049 SF

Transaction description

Kostas Kavayiotidis and Matthew Farzinpour of PSRS arranged a supplemental loan to advance another $2 million on an industrial property in Ontario, California. The subject property comprises two freestanding buildings totaling approximately 52,049 SF situated on oversized parcels totaling four acres with a 30% building-to-land coverage ratio. The property is in the strategic west Inland Empire industrial district. Financed with one of our correspondent life insurance companies, PSRS provided its borrower a five-year loan term with a 30-year amortization to be co-terminus with the 1st TD loan currently in place.

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