Seven W Enterprises Business Park

San Bernardino County
,
CA
I/O with 7-figure cash-out
Amount: $
9500000
Interest Rate: 
9.75
%

StackSource arranged a $9,500,000 senior bridge loan for an industrial property in San Bernardino County, California, just outside of the city of Redlands, and 9 miles to the regional airport. The property, managed directly by the sponsor, has multiple light industrial and warehouse structures housing 20+ tenants including 30% owner-user space. Capital Advisor Zach Wagner was able to work with a California-based debt fund to secure a senior bridge loan structured with a 9.75% fixed rate which paid off the senior lender, provided 12 months interest reserve, and allowed the sponsors over $1,000,000 cash out.

Charitable Cause supported by 1% of StackSource's revenue on this transaction:
New York City Relief