Thor Equities Secures $11.9M Bridge Loan For Industrial Property In Ontario, CA

The industrial property located at 5651 East Francis Street in Ontario, CA has recently been involved in a loan transaction. Consisting of 57,984 square feet, this property was subject to a bridge loan.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $11,900,000
• Loan Type: Bridge Loan
• Loan Terms: 3 + 1 + 1, 62% LTC, SOFR + 2.75%, Non-Recourse

Thor Equities, represented by Brian Hughes-Cromwick, acted as the landlord in this transaction. Working on behalf of the parties involved, the brokers Marc Schillinger, David Sitt, Max Mraz, and Keaton Yellin from JLL facilitated the deal.