$18,650,000 | 1784 Capital Holdings

Property: 3155 West El Segundo Blvd.
Location: Hawthorne, CA
Description: Development of 92,500 NRSF (~989 units), 100% climate controlled, Class A self-storage facility located in the city of Hawthorne, within the Los Angeles MSA. The project is centrally located between three major arterial highways (I-105, I-405 & I-110) of Los Angeles County and is near major employers including Hawthorne Airport, SpaceX, Tesla Campus and Amazon.
Loan Type: Construction Loan
Lender: Global Commercial RE Firm

Client Benefits:

  • Non-recourse; four-year construction loan
  • Interest Only during the initial loan term
  • One 12-month extension option
  • Open for pre-payment