TDA Investment Group Provides $33.8M Loan For Pixior Group's Industrial Project In Hesperia

An industrial asset consisting of a 428,185-square-foot Class A facility located at 10400 Amargosa Road in Hesperia, California, has secured a loan for construction. The facility is situated on a 21.5-acre site and is designed to include 36-foot clear heights, rear-load capabilities, and accommodates 216 parking spaces. The total loan amount arranged is $33,800,000, categorized as a construction loan with a five-year fixed-rate term.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $33,800,000
• Address: 10400 Amargosa Road
• Market: Hesperia
• Asset Size: 428,185 SF
• Lender: TDA Investment Group
• Landlord: Pixior Group
• Loan Type: Construction
• Loan Terms: five-year, fixed-rate
• Brokers: Matt Stewart, Kellan Liem, Allie Black & Cameron Sepahi - JLL

JLL Capital Markets facilitated the arrangement of the $33.8 million in first-lien construction financing on behalf of Pixior Group. The construction is projected to complete within 11 months and is located near significant logistics hubs, enhancing the asset's operational capabilities.