Updated Oct 29, 2024
Thor Equities Secures $11.9M Bridge Loan For Industrial Property In Ontario, CA
5651 E Francis St Ontario, CA 91761, USA
$11,900,000
$205/SF
Building Size
57,984 SF
Asset Type
Industrial
Closing
Jun 1, 2023
About this deal
AI
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.
On the Map
$11,900,000
$205/SF
Industrial
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Players
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93