A construction loan of $54 million has been secured for The Ranch at Model Colony, a retail project in Ontario, California. The development site spans 17 acres with a building square footage of 200,000. It is reported to be over 90% preleased with notable tenants including Ross and Chipotle, and is conveniently located near the 15 Freeway.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $54,000,000
• Loan Type: Construction Loan
• Loan Terms: 24 months
• Address: SWC Ontario Ranch Road & Hamner Avenue
• Market: Ontario
• Lender: Justin Kennedy - 3650 REIT
• Landlord: Greg Vujnov - Wood Investments Cos.
• Broker: Ben Kadish - Maverick Commercial Mortgage Inc

This transaction was facilitated by key individuals, including Justin Kennedy, who represents the lender, and Greg Vujnov, who represents the landlord. The brokerage services were provided by Ben Kadish, involved in securing the financing for this significant development project.