Societe Generale Provides $80M Acquisition Loan For 596,000 SF Industrial Property In Riverside

The industrial property located at 14063 Brown St in Riverside has been involved in a recent closed transaction. The property spans across 596,000 square feet, making it a significant asset in the area. The transaction took place between the borrower, High Tech Logistics, and the lender, Societe Generale.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $80,000,000
• Loan Type: Acquisition Loan
• Loan Terms: 100% LTC Full Term IO

Represented by Marvin Jeremias and Meyer Ovadia from Crossmark Capital, the deal was facilitated successfully. The loan amount of $80,000,000 was provided by Societe Generale to support the acquisition. High Tech Logistics, the landlord, secured this loan to advance their industrial operations in Riverside.