FINANCED
Farmers & Merchants Bank Provides $45M Loan For Industrial Property Acquisition In Santa Fe Springs
12065 Pike Street
Industrial
158 SF
158 SF
Financed 1 year ago
Summary
Loan
CALIFORNIA
Industrial
158 sqft
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.
Players
All
5
Agents
4
Agencies
1
Details
FINANCED
IMAGE: Marc Schillinger, David Sitt, Max Mraz & Brooke Hinkel
DATE: 07/08/2022
ADDRESS: 12065 Pike St.
MARKET: Santa Fe Springs
ASSET TYPE: Industrial ~ SF: 158,000
LENDER: Farmers & Merchants Bank
LANDLORD: Thor Equities
BROKERS: Marc Schillinger (@Smaaackdab), David Sitt, Max Mraz (@Tajmraj) & Brooke Hinkel (@Brooke.Hinkel) - JLL (@JLL)
LOAN AMOUNT: $45,000,000
LOAN TYPE: Acquisition
LOAN TERMS: JLL identified a non-recourse and fixed rate bridge loan to minimize interest carry costs and rate exposure during execution of a long term business plan.View on map
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Address12065 Pike Street
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