Dwight Manley Secures $112 Million Acquisition Loan From Raymond Hu For Development Site In Brea
South Kraemer Boulevard
$112,000,000
Building Size
—
Asset Type
Development Site
Closing
Jan 21, 2026
AI
The property asset involved is a development site located on South Kraemer Boulevard in Brea. The transaction involved a loan amount of $112,000,000 for acquisition purposes.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $112,000,000
- Lender: Raymond Hu - Fortress Investment Group
- Landlord: Dwight Manley
- Landlord's Representative: Matt Stewart, Kellan Liem, John Rankin & Kyle White - JLL
- Date of Transaction: 01/21/2026
The deal was facilitated by Dwight Manley as the landlord, with representation from Matt Stewart, Kellan Liem, John Rankin, and Kyle White of JLL overseeing the transaction process. Raymond Hu from Fortress Investment Group served as the lender for the acquisition loan.
Players
Brea Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93