A&B Partners Provides $5.2M Loan For Industrial Property In Huntington Park/Downtown LA

Located in Huntington Park/Downtown LA, the property at 6921-7001 S Alameda St is a non-credit single tenant industrial asset. The loan transaction took place on 09/11/2019, with a loan amount of $5,200,000. The loan terms are set for a 10-year fixed interest-only period. The property spans across 144,253 square feet and is owned by MLK LLC. The lender for this transaction is A&B Partners, as represented by broker Salar Royaei.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,200,000
• Date: 09/11/2019
• Address: 6921-7001 S Alameda St
• Market: Huntington Park/Downtown LA
• Lender: A&B Partners
• Landlord: MLK LLC
• Broker: Salar Royaei

The 10-year fixed interest-only loan was secured for this single tenant industrial property. Notably, there are no reserves, tenant improvements, or lease commissions associated with this transaction. This loan provides financial stability for the property owner despite the near rolling lease situation.