FINANCED
Thor Equities Secures $11.9M Bridge Loan For Industrial Property In Ontario, CA
5651 East Francis Street
Industrial
57,984 SF
57,984 SF
Financed 335 days ago
Summary
Loan
CALIFORNIA
Industrial
57,984 sqft
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.
Players
All
5
Agents
4
Agencies
1
Details
FINANCED
IMAGE: Brian Hughes-Cromwick, David Sitt, Marc Schillinger, Max Mraz, Keaton Yellin
DATE: 06/01/2023
ADDRESS: 5651 East Francis Street
MARKET: Ontario, CA
ASSET TYPE: Industrial SF: 57,984
LANDLORD: Thor Equities – Brian Hughes Cromwick
BROKERS: Marc Schillinger, David Sitt, Max Mraz (@Tajmraj) & Keaton Yellin (@Keatonyellin) - JLL (@JLL)
LOAN AMOUNT: $11,900,000
LOAN TYPE: Bridge Loan
LOAN TERMS: 3 + 1 + 1, 62% LTC, SOFR + 2.75%, Non-RecourseView on map
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Address5651 East Francis Street
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