Shawbrook Capital Provides $7,000,000 Refinance Loan For Industrial Property In Anaheim

The asset involved in this transaction is an industrial property located in Anaheim, spanning 43,180 square feet. A refinance loan was secured for this property, amounting to $7,000,000, which was necessary due to its lease to a logistics company at below-market rent, limiting traditional financing options.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,000,000
• Lender: Tim Moaeed, Daniel Zand & Matthew Roton
• Lender's Agency: Shawbrook Capital
• Loan Type: Refinance
• Interest Rate: 9.99%
• Loan Term: 12 months
• Point Fee: 1 point
• Prepayment Penalty: 3 months

Tim Moaeed, Daniel Zand, and Matthew Roton from Shawbrook Capital were instrumental in providing the financing needed, utilizing their private investor network to facilitate the loan without an appraisal and completing the transaction within just 7 days. This financing structure allows the borrower to seek a new tenant at a higher rental rate over the next year, positioning the property for future financing options.