Dreadnaught Properties Los Angeles Secures $10 Million Refinance For Industrial Property In San Fernando

An owner-occupied industrial condo located at 13571 Vaughn Street in San Fernando spans 102,862 square feet and sits on 4.23 acres. The property was involved in a refinancing transaction worth $10 million, supported by Valley Bank with favorable loan terms for the landlord, Dreadnaught Properties Los Angeles.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $10,000,000
• Address: 13571 Vaughn Street
• Market: San Fernando
• Asset Size: 102,862 SF
• Acres: 4.23
• Lender: Valley Bank
• Landlord: Dreadnaught Properties Los Angeles
• Loan Type: Refinance
• Loan Terms: two-year, non-recourse
• Fixed Rate: 6.23%
• Cash-out Amount: $5,000,000
• Brokers: Alex Jaffa & Ben Halpern - Eastern Union

Eastern Union facilitated the refinancing deal, with Alex Jaffa and Ben Halpern representing Dreadnaught Properties Los Angeles in the transaction. The loan arrangement enables Dreadnaught Properties to optimize their financial position while retaining occupancy within the industrial space occupied by New Haven Moving Equipment.