A 97,000 square foot industrial, food processing/distribution facility located at 717 E Artesia Boulevard in Carson, CA has been the subject of a recent closed transaction. The property was secured with a bridge loan of $17,950,000 from Continental Partners. The loan was used to modify the client's senior loan and accommodate a new second trust deed. The loan proceeds allowed the borrower to meet their business financial obligations within the deadline. Both loans closed within two weeks of application with no third-party requirements.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $17,950,000

The capital markets team at Continental Partners, led by JM Grimaldi and Dave Brelian, played a key role in negotiating the intercreditor agreement between the two lenders. Their expertise and efficient handling of the loan process ensured a successful closing. Robert Atallah is the landlord of the property.