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Bridge Industrial Secures $60.4 Million Refinance Loan From Barings For Torrance Industrial Property

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FINANCED
$60,400,000

California

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Industrial203,877 SF
Financed 01/16/2026
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Property Image
FINANCED

Bridge Industrial Secures $60.4 Million Refinance Loan From Barings For Torrance Industrial Property

20950 South Normandie Avenue

See Similar Deals
Industrial203,877 SF
Financed 01/16/2026
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$296
Total Square Footage:203,877 SF
Transaction Type:Loan

The asset involved is an industrial property located at 20950 South Normandie Avenue in Torrance, California. This property encompasses 203,877 square feet and is part of the Torrance market. The transaction involves a refinance loan amounting to $60,400,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $60,400,000
  • Lender: Barings
  • Landlord: Steve Poulos - Bridge Industrial
  • Previous Financing: $38.5 million note from National Life Insurance Co. and a $9.6 million loan from CrossHarbor Capital Partners
  • Asset Certification: LEED Gold
  • Clear Heights: 32 feet
  • Dock-high Doors: 21
  • Drive-in Doors: 2
  • Office Space: Roughly 5%
  • Proximity to City Center: Less than three miles
  • Proximity to LAX: 12 miles

Bridge Industrial refinanced BridgePoint South Bay II with the new loan, taking advantage of favorable financing conditions while improving the property's financial structure. Steve Poulos represents Bridge Industrial in this transaction.

Players

Barings
Barings
LENDER
Steve Poulos
Bridge Industrial
Steve Poulos
26 deals$2B volume
LANDLORD

Details

FINANCED
IMAGE: Steve Poulos DATE: 01/16/2026 ADDRESS: 20950 South Normandie Avenue MARKET: Torrance ASSET TYPE: Industrial ~ SF: 203,877 LENDER: Barings LANDLORD: Steve Poulos - Bridge Industrial LOAN AMOUNT: $60,400,000 LOAN TYPE: Refinance NOTE: Bridge Industrial refinanced BridgePoint South Bay II, a 203,877-square-foot industrial property at 2050 Normandie Ave. in Torrance, California, with a $60.4 million loan from Barings, replacing prior financing that included a $38.5 million note from National Life Insurance Co. and a $9.6 million loan from CrossHarbor Capital Partners.Delivered in 2023, the LEED Gold–certified asset features 32-foot clear heights, 21 dock-high and two drive-in doors, roughly 5% office space, and sits less than three miles from Torrance’s city center and 12 miles from LAX.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$60,400,000.00

Monthly NOI$402,666.67
Monthly Debt Service$381,769.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00