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South Kraemer Boulevard

Dwight Manley Secures $112 Million Acquisition Loan From Raymond Hu For Development Site In Brea
FINANCEDDevelopment Site

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:

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

Matt Stewart

JLL

Broker

$635.5M

vol

13 deals

Broker
JLL
JLLBrokerage
Fortress Investment Group
Fortress Investment GroupLender

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