Daily limit: 0/10
Faring Secures $50M Bridge Loan For Iron Mountain Leased Warehouse In Victorville
FINANCED
$50,000,000
California
See Similar DealsIndustrial500,000 SF
Financed 06/26/2024
FINANCED
Faring Secures $50M Bridge Loan For Iron Mountain Leased Warehouse In Victorville
Industrial500,000 SF
Financed 06/26/2024
Summary
Asset Type:Industrial
Price Per Square Foot:$100
Total Square Footage:500,000 SF
Transaction Type:Loan
An industrial property located at 12170 Momentum Road in Victorville, spanning 500,000 square feet, was refinanced through a $50 million bridge loan from A10 Capital. The property, leased to Iron Mountain, was completed in 2023 and is owned by Jason Illoulian of Faring.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $50,000,000
- Address: 12170 Momentum Road
- Market: Victorville
- Lender: A10 Capital
- Landlord: Jason Illoulian - Faring
- Loan Type: Bridge Loan
Faring, in collaboration with a logistics company, secured the bridge loan from A10 Capital to refinance the warehouse leased to Iron Mountain. This marks Faring's 10th loan with A10, further solidifying their association in financing industrial properties.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$50,000,000.00
Monthly NOI$333,333.33
Monthly Debt Service$316,034.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions