Bolour Associates Provides Acquisition Loan For Industrial Property At 2026 Cecilia Circle, Corona
2026 Cecilia Circle, Corona, CA 92881
$1,837,500
$221/SF
Building Size
8,313 SF
Asset Type
Industrial
Closing
Dec 21, 2021
AI
The loan was provided for the acquisition of an industrial property located at 2026 Cecilia Circle in Corona, California. The property has a total area of 8,313 square feet and is situated in a prime location within the fast-moving and high-demand Southern California market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,837,500
- Address: 2026 Cecilia Circle, Corona, California
- Market: Corona
The loan was made by Bolour Associates, represented by Steven Simantob and Mark Bolour. The broker for the transaction was Irene Liu from AJK Financial. Bolour Associates, an asset-based bridge lender, specializes in financing deals in urban infill primary and secondary markets. They have a track record of successfully tackling complicated private lending deals, including unentitled land plays. With loan terms of up to 2 years, a loan-to-value ratio of up to 75%, and interest rates starting at 7.5%, Bolour Associates offers flexible lending solutions for various financing needs.
For more information on how Bolour can fulfill your lending needs, you can contact Steven Simantob at ☎️ 323-677-0550 ext.133 or via email at [email protected]. You can also visit their website at bolourassociates.com/lending/.
Players
Corona Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.63%
Cash-on-Cash
-2.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93