First Republic Bank Provides $33.9M Fixed Rate Cross Pooled Cash Out Refinance Loan For 7-Property Industrial Portfolio In Los Angeles

An industrial portfolio consisting of seven single tenant industrial properties located at 4328 Alcoa Avenue, 28635 Braxton Ave., 5003 Ontario Mills, 4001 Greystone Drive, 8620 Rochester Ave., 9210 Rochester Court, and 20651 Prism Place in Los Angeles has undergone a loan refinance. The total square footage of the portfolio is 294,142.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $33,870,000
• Lender: First Republic Bank
• Brokers: Marc Schillinger, Max Mraz, Brooke Hinkel - JLL, Keaton Yellin
• Loan Type: Fixed Rate Cross Pooled Cash Out Refinance
• Loan Terms: 3.40% for 15-Year Fixed, 30 Year Amortization

This loan refinance was facilitated by First Republic Bank. The brokers involved in the deal were Marc Schillinger, Max Mraz, Brooke Hinkel from JLL, and Keaton Yellin. The loan amount was $33,870,000 with a fixed rate of 3.40% for a 15-year term and a 30-year amortization schedule. It is worth noting that this transaction involved the refinancing of a 7-property industrial portfolio in Southern California.