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Farmers & Merchants Bank Provides $45M Loan For Industrial Property Acquisition In Santa Fe Springs

12065 Pike Street
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This Industrial property located in CA received a loan of $45,000,000 over 1 year ago. The brokers of the deal were Marc Schillinger, David Sitt, Max Mraz, and Brooke Hinkel

An industrial property located at 12065 Pike St. in Santa Fe Springs has been involved in a recent transaction. The property spans approximately 158,000 square feet and is owned by Thor Equities. The deal was facilitated by brokers Marc Schillinger, David Sitt, Max Mraz, and Brooke Hinkel from JLL.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $45,000,000

Farmers & Merchants Bank served as the lender for this transaction. The loan, totaling $45,000,000, was an acquisition loan. JLL played a key role in securing a non-recourse and fixed-rate bridge loan. The purpose of this loan was to minimize interest carry costs and rate exposure during the execution of a long-term business plan.

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Deals
  • Location
    12065 Pike Street, Santa Fe Springs, California 90670, United States12065 Pike Street, Santa Fe Springs, California 90670, United States
  • Loan Value
    $45,000,000$45,000,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Max Mraz

Max Mraz

Deals7
Financed$148.6M

Brooke Hinkel

Brooke Hinkel

Deals6
Financed$171.5M

Marc Schillinger

Marc Schillinger

Deals20
Financed$723.9M

David Sitt

David Sitt

Deals9
Financed$2.4B

Agency

JLL

JLL

Agency
Deals5590
Volume$332.6B

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Deal Summary

LOAN IMAGE: Marc Schillinger, David Sitt, Max Mraz & Brooke Hinkel DATE: 07/08/2022 ADDRESS: 12065 Pike St. MARKET: Santa Fe Springs ASSET TYPE: Industrial ~ SF: 158,000 LENDER: Farmers & Merchants Bank LANDLORD: Thor Equities BROKERS: Marc Schillinger (@Smaaackdab), David Sitt, Max Mraz (@Tajmraj) & Brooke Hinkel (@Brooke.Hinkel) - JLL (@JLL) LOAN AMOUNT: $45,000,000 LOAN TYPE: Acquisition LOAN TERMS: JLL identified a non-recourse and fixed rate bridge loan to minimize interest carry costs and rate exposure during execution of a long term business plan.

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12065 Pike Street

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