Tejon Ranch Company closed a $160 million credit facility with AgWest Farm Credit, replacing a $45 million line from Bank of America. The credit facility will retire a term loan, support projects, and cover corporate expenses. This transaction will fuel growth for Tejon Ranch Company, a California-based real estate and agribusiness firm. Known for its developments like Tejon Ranch Commerce Center and The Outlets at Tejon, the company is set to continue expanding.

Summary of transaction details

• Property Type: Land
• Transaction Amount: $160,000,000
• Landlord: Tejon Ranch Company - Gregory S. Bielli
• Lender: AgWest Farm Credit - Mark Littlefield
• Broker: Nate Weyer - Franklin Street

The credit facility from AgWest Farm Credit and Tejon Ranch Company's partnership with Franklin Street represents a significant move for both parties involved. Mark Littlefield from AgWest Farm Credit acted as the lender in the deal, while Gregory S. Bielli represented Tejon Ranch Company as the landlord. Nate Weyer, from Franklin Street, served as the broker for this transaction. With the credit facility in place, Tejon Ranch Company can now pursue various projects and plans, boosting its growth potential in the real estate and agribusiness sectors.