Continental Partners Refinances $23M Loan For Industrial Facility In Carson

An industrial, cold storage, and food processing facility located at 717 East Artesia Boulevard in Carson, California has undergone a $23,000,000 loan refinance. The property spans 97,000 square feet.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $23,000,000
• Address: 717 East Artesia Boulevard, Carson
• Market: Carson

Continental Partners, a lender, provided non-recourse, full-term interest-only financing for the property. JM Grimaldi and Dave Brelian from Continental Partners represented the owner-user, Cedar Lane Foods, a major manufacturer associated with well-known brands such as Costco, Trader Joe's, and United. The 5-year fixed loan replaced a bridge debt of nearly $18 million that was previously placed on the property.