California Loan Servicing Secures $16.25M Acquisition Loan For Vista Industrial Property

The industrial property located at 3225 Executive Ridge in Vista spans 102,239 square feet. The acquisition loan for this property was provided by Symetra Life Insurance Company towards the owner Kevin Chandru. The loan amount totals $16,250,000 with specific terms that include a 60% loan-to-value ratio, an 18-month interest-only period, followed by a 24-year amortization schedule at a rate of 7.40%.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16,250,000
• Market: Vista
• Lender: Symetra Life Insurance Company
• Landlord: Kevin Chandru
• Lender's Representative: Trevor Damyan, Melvin Maghari Jr, Ryan Bunting & Hugh Hoang - California Loan Servicing (CLS)
• Loan Type: Acquisition Loan
• Loan Terms: 18-months Interest Only, followed by 24 year amortization, 7.40%

The unique individuals involved in this transaction include Trevor Damyan, Melvin Maghari Jr, Ryan Bunting, and Hugh Hoang from California Loan Servicing, representing Symetra Life Insurance Company in providing the acquisition loan for the industrial property in Vista.