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Greg Van Cleave Acquires Industrial Property In Sonoma For $20M Loan

1010 Napa Road
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This Industrial property located in CA received a loan of $20,000,000 over 2 years ago. The broker of the deal was Brandon Perdeck

Located at 1010 Napa Road in Sonoma, this industrial property spans 98,000 square feet. The transaction took place on 12/21/2021, with the assistance of broker Brandon Perdeck. The property is owned by Greg Van Cleave.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $20,000,000
  • Loan Type: Bridge
  • Loan Terms: Phase 1 Refinance + 100% LTC loan for Phase II construction

The loan for this property amounted to $20,000,000 and was obtained through a bridge loan. The loan terms include a phased approach, with Phase 1 involving refinancing, followed by a Phase II construction loan covering 100% loan-to-cost.

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Deals
  • Location
    1010 Napa Road, Sonoma, California 95476, United States1010 Napa Road, Sonoma, California 95476, United States
  • Loan Value
    $20,000,000$20,000,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Brandon Perdeck

Brandon Perdeck

Deals11
Financed$141.9M

Agency

Aries Capital

Aries Capital

Agency
Deals12
Volume$213.6M

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Deal Summary

LOAN IMAGE: Brandon Perdeck DATE: 12/21/2021 ADDRESS: 1010 Napa Road MARKET: Sonoma ASSET TYPE: Industrial ~ SF: 98,000 LANDLORD: Greg Van Cleave BROKER: Brandon Perdeck (@BrandonPerdeck) LOAN AMOUNT: $20,000,000 LOAN TYPE: Bridge LOAN TERMS: Phase 1 Refinance + 100% LTC loan for Phase II construction

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1010 Napa Road

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