Mesa West Capital Funds $88 MM Loan on 1MM-SF Industrial Complex in So Cal
By: Mesa West Capital
Situated on 52-acres of land, the cross-dock building features 147 dock-high doors, a 710-foot building depth, 185-foot secured concrete truck courts, and a 36-foot clear height. Given the property was being delivered vacant, the loan was capitalized with a future funding facility for leasing costs. The Sponsor plans to lease the building to a single user on a long-term basis.
"The Inland Empire is one of the top industrial markets in the nation with low vacancy rates, limited developable land, and significant barriers to entry resulting in high demand. These strong market fundamentals coupled with an experienced local owner and operator of a newly constructed institutional quality building made this a compelling and unique opportunity,"
About Mesa West Capital, LLC
Mesa West Capital (http://www.mesawestcapital.com) is a leading commercial real estate debt fund manager and portfolio lender. With offices in Los Angeles, New York, Chicago, and San Francisco, Mesa West has been one of the leading providers of commercial real estate debt since its founding in 2004. Mesa West provides non-recourse first mortgage loans for core/core-plus, value-added or transitional properties throughout the United States. Mesa West's lending portfolio includes all major property types with loan sizes ranging from $20 million up to $400 million. Since inception, the firm has sourced and closed more than 300 transactions totaling over $16 billion.
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