California Loan Servicing Secures $27.5M Refinance Loan In Vernon Industrial Deal

The industrial property located at 1820 27th Street in Vernon, CA, spans a total of 525,000 square feet. The recent transaction involved a refinancing deal with a loan amount of $27,500,000 provided by Midland Servicing. The landlord of the property is Shawn John. The brokers facilitating the transaction were Trevor Damyan, Hugh Hoang, Melvin Maghari Jr, and Ryan Bunting from California Loan Servicing - CLS.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $27,500,000
• Lender: Midland Servicing
• Landlord: Shawn John
• Brokers: Trevor Damyan, Hugh Hoang, Melvin Maghari Jr & Ryan Bunting - California Loan Servicing - CLS
• Loan Type: Refinance
• Loan Terms: 5-Year Fixed, Full Term Interest Only, Non-recourse

The team behind this refinancing deal was led by California Loan Servicing - CLS, represented by brokers Trevor Damyan, Hugh Hoang, Melvin Maghari Jr, and Ryan Bunting. The involvement of these key individuals and companies ensured a successful transaction for the industrial property at 1820 27th Street in Vernon, CA.