Citi Provides $5M Loan For Industrial Property In Santa Fe Springs

12717 Ann Street in Santa Fe Springs has been the subject of a recent closed property transaction. The industrial asset, in the market of Santa Fe Springs, was involved in a deal that included a loan from Citi.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,000,000
• Date: 07/20/2021
• Lender: Citi
• Landlord: Alex Chung
• Broker: Brandon Perdeck - AGENCY
• Loan Terms: 10-yr term, 30-year AM, 5-YR Interest Only, Non-Recourse

The loan, amounting to $5,000,000, was provided by Citi. The transaction took place on 07/20/2021. The property, located at 12717 Ann Street in Santa Fe Springs, is an industrial asset. The loan terms include a 10-year term, 30-year amortization period, 5-year interest-only payments, and non-recourse financing.

Alex Chung is the landlord of the property, while Brandon Perdeck, representing the agency, served as the broker in the deal.