Marissa Wilbur Of Archway Capital Provides $5.6M Bridge Loan For Tempe Industrial Warehouse

The property asset involved in the transaction is a single-story, small-bay industrial warehouse located at 2209 West 1st Street in Tempe, AZ. It encompasses a total of 40,075 square feet and is currently 97% leased, with tenants paying below-market rents. The building features multiple grade-level doors and additional land available for outdoor storage.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,600,000
• Loan Type: Bridge
• Loan Terms: 72% LTPP & 76% LTC, 15-day close, 18-month term, no pre-payment, Non-recourse
• Lender: Marissa Wilbur - Archway Capital
• Broker: Keith Rosso - Berkadia

Marissa Wilbur represented Archway Capital in facilitating the loan for the acquisition, successfully closing the transaction in 15 business days due to an expedited year-end closing requirement. The loan structure is non-recourse and includes a reserve for capital expenditures and leasing expenses, which covers a significant portion of the project cost.