Keystone Mortgage Corporation Arranges $69.5 Million Refinance For Southern California Industrial Portfolio

The transaction involves a Southern California industrial portfolio comprising approximately 1,070,000 square feet across 52.5 acres. The property is arranged for refinancing with a loan amount of $69,500,000 under fixed-rate, non-recourse terms.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $69,500,000
• Asset Size: 1,070,000 square feet
• Acres: 52.5
• Loan Type: Refinance
• Loan Terms: fixed-rate, non-recourse
• Broker: Nick Viscount - Keystone Mortgage Corporation

Keystone Mortgage Corporation facilitated the arrangement of the $69.5 million financing with a life insurance company lender, covering 15 single-tenant tilt-up buildings. The transaction provided significant cash-out for an undisclosed private investor despite impending lease expirations.