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SWC Ontario Ranch Road & Ha...

Updated Oct 19, 2026

Wood Investments Cos. Secures $54M Loan For The Ranch At Model Colony In Ontario, California
FINANCEDDevelopment Site

Wood Investments Cos. Secures $54M Loan For The Ranch At Model Colony In Ontario, California

$54,000,000

Building Size

—

Asset Type

Development Site

Closing

Jan 9, 2024

About this deal

AI

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:

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.

Players

Ben Kadish

Maverick Commercial Mortgage

Broker

$131.7M

vol

9 deals

Broker
Wood Investment Cos. Inc.
Wood Investment Cos. Inc.Buyer
3650 Capital
3650 CapitalLender

Greg Vujnov

Wood Investment Cos. Inc.

Landlord

$54M

vol

1 deal

Landlord
Bilt advertisement

Market 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

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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