MDH Partners Secures $111.5 Million Loan From Truist Bank For Canyon Industrial Portfolio

The transaction involved MDH Partners securing financing for its Canyon Industrial portfolio, which spans across Ontario, California; Suwanee, Georgia; and Las Vegas, Nevada. The portfolio encompasses a total of 773,399 square feet of industrial real estate, with a loan amount of $111,500,000 provided by Truist Bank under a five-year, non-recourse loan structure.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $111,500,000
• Square Footage: 773,399
• Addresses: 720-780 South Milliken Avenue, 3970 Johns Creek Court, 4601 East Cheyenne Avenue & 3101 Marion Drive
• Market: Ontario, California; Suwanee, Georgia; Las Vegas, Nevada
• Lender: Mark Hancock, Amanda Huang, Sally Stuart, Alberto Figueroa, Le Nguyen, Jamaal Grier, James Bruno & Sai Kalidindi - Truist Bank
• Landlord: Jeff Small, Jr. - MDH Partners
• Loan Terms: five-year, non-recourse

This financing effort was originated by Truist SVP Mark Hancock and aims to support MDH Partners’ recent property acquisitions, including Ontario Commerce Park and Sunrise Buildings One and Two in Las Vegas, demonstrating the collaboration between the lender and the landlord.