Farmers & Merchants Bank Provides $45M Loan For Industrial Property Acquisition In Santa Fe Springs

An industrial property located at 12065 Pike St. in Santa Fe Springs has been involved in a recent transaction. The property spans approximately 158,000 square feet and is owned by Thor Equities. The deal was facilitated by brokers Marc Schillinger, David Sitt, Max Mraz, and Brooke Hinkel from JLL.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $45,000,000

Farmers & Merchants Bank served as the lender for this transaction. The loan, totaling $45,000,000, was an acquisition loan. JLL played a key role in securing a non-recourse and fixed-rate bridge loan. The purpose of this loan was to minimize interest carry costs and rate exposure during the execution of a long-term business plan.