Northwest Bank Provides $17.5M Construction Loan For Special Purpose Property In Santa Clarita

21145 Diamond Pl is a special purpose property located in Santa Clarita. The property spans 102,000 square feet and is owned by Salazar Construction.

Summary of transaction details

• Property Type: Special Purpose
• Transaction Amount: $17,500,000
• Address: 21145 Diamond Pl, Santa Clarita
• Market: Santa Clarita
• Lender: Northwest Bank
• Landlord: Salazar Construction
• Broker: Brandon Perdeck - Aries Capital
• Loan Type: Construction
• Loan Terms: 3 year construction period with mini-perm extension, 3.7% rate

Brandon Perdeck, from Aries Capital, represented the parties involved in this transaction. Aries Capital specializes in financing storage and deals with various asset classes nationwide.

Note: Aries Capital is actively financing storage (permanent, bridge, construction) in addition to all asset classes nationwide, please reach out to @brandonperdeck for further details or loan requests.