USC-adjacent Industrial

$950,000 Industrial Loan from Life Insurance Company
City: Los Angeles, CA
Loan amount: $950,000
Lender type: Life Insurance Company
Property type: Industrial
Size: 7,318 SF
Transaction description
Jonny Soleimani of PSRS recently arranged acquisition financing for a USC-adjacent vacant industrial building in Los Angeles, CA, with one of our correspondent Life Insurance Companies. The subject property is a 7,318 SF warehouse situated on a 0.17-acre lot in Los Angeles, CA. Built in 1950 with masonry construction, the subject property contains one 10’x10’ drive-in. The building has been vacant for approximately 6-7 months, but we were able to secure permanent financing due to an excellent new lease that both added instant value for the borrower and made our lender comfortable with this deal.
TRANSACTION ADVISORS
Jonny Soleimani
Vice President