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2026 Cecilia Circle, Corona...

Bolour Associates Provides Acquisition Loan For Industrial Property At 2026 Cecilia Circle, Corona
FINANCEDIndustrial

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

Irene Liu

Broker

$1.8M

vol

1 deal

Broker
Mark Bolour

Mark Bolour

Bolour Associates

Lender

$153M

vol

13 deals

Lender
Bolour Associates
Bolour AssociatesLender

Corona Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

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