Bandon Capital Advisors Secures $16.5M Refinance Loan For Industrial Properties In Costa Mesa, Burbank, And Pico Rivera

The asset involved in this transaction consists of three industrial properties located at 3539 Howard Way, 2901 Thornton Avenue, and 7748 Industry Avenue within the markets of Costa Mesa, Burbank, and Pico Rivera. The total loan amount for this refinance transaction is $16,500,000. It features a long-term fixed rate loan structure which includes some interest-only periods followed by a 30-year amortization schedule. The demand for Industrial Outdoor Storage properties is notably increasing due to the rise in e-commerce activities, particularly in Southern California where industrial space is limited.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $16,500,000
• Landlord: BLT Enterprises
• Broker: Bryan Kenny - Bandon Capital Advisors
• Loan Type: Refinance
• Loan Terms: Long-term fixed rate loan with some interest-only periods followed by a 30-year amortization schedule

Bandon Capital Advisors played a significant role in securing an $11.5 million loan for the refinancing of the industrial site in Costa Mesa, along with an additional $5 million in financing for two single-tenant industrial properties located in Burbank and Pico Rivera, California. The brokerage’s activities reflect the rising demand for industrial properties tailored to e-commerce, indicating a strategic focus on the industrial sector.