100,000SF Distribution warehouse acquisition
Transaction
Acquisition loan for a 100,000 SF Class-A distribution warehouse in Irwindale CA.
Product(s)
SBA 504 purchase
Challenge(s)
- 10% down payment
- Single client concentration
- Short window of closing < 45 days.
- Company formation < 5 years.
The Result
Our team was able to identify a national bank lender comfortable with extending a large credit facility to a newly established company with single client concentration. Through our established relationships the team was able to quickly underwrite an SBA 504 loan within 30 days at better than market terms. We negotiated a no fee first lien along with other large credits resulting in an immense savings over any other lending option.
