MMCC Arranges $7.1M Refinance Loan For San Lorenzo Industrial Property

The industrial property at 2225 Grant Avenue in San Lorenzo, spanning 63,245 square feet, was refinanced for $7,100,000. The loan secured a 5-year fixed interest rate of 6.5% with a 30-year amortization period. The property is home to Feng Transportation Inc., which runs an Amazon fulfillment center and stores imported goods.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,100,000
• Address: 2225 Grant Avenue
• Market: San Lorenzo
• Loan Type: Refinance
• Loan Terms: 5-year fixed interest rate with a 30-year amortization
• Brokers: Bradley Buzil & Connie Duong - Marcus & Millichap

MMCC's Los Angeles team managed the financing for the industrial property in San Lorenzo, collaborating with a local credit union as per the terms outlined in the Letter of Intent. Bradley Buzil and Connie Duong from Marcus & Millichap represented the parties involved in the deal.