North Palisade Partners Secures $65M Construction Loan From Affinius Capital For Redlands Development Site

A joint venture led by North Palisade Partners has secured $65 million in construction financing from Affinius Capital for a 358,000 square foot industrial project located at 1101 California Street in Redlands, CA. The development site encompasses 17 acres and previously operated as a water park. The logistics facility is strategically positioned for direct access to the I-10 and key ports, enhancing its utility within the region's expanding industrial market.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $65,000,000
• Asset Size: 358,000 square feet
• Address: 1101 California Street
• Market: Redlands
• Lender: Tom Burns - Affinius Capital
• Landlord: Joe Mishurda - North Palisade Partners
• Broker Representatives: Thomas Traynor, Tom Rugg & Valerie Achtemeier - CBRE

The financing deal involved key players including Tom Burns representing Affinius Capital, and Joe Mishurda representing North Palisade Partners. The brokerage team from CBRE, consisting of Thomas Traynor, Tom Rugg, and Valerie Achtemeier, facilitated the transaction, contributing their expertise in the industrial market to support this significant development initiative.