| Property: | Indiana Business Park |
| Location: | Riverside, CA |
| Description: | Six building, 149,800 rentable square feet, multi-tenant business park located off the 91 Freeway in Riverside, CA. With flexible units averaging about 1,250 SF, Indiana Business Park is a best-in-class facility uniquely positioned to deliver unit sizes in high demand in the Riverside submarket. |
| Loan Type: | Perm Loan |
| Lender: | Regional Bank |
Client Benefits:
- Enhanced cash flow with low fixed rate and 4 years of IO
- Optionality for owner’s hold period via 5-year loan term and extension options
- Minimized sponsor risk with non-recourse
- Increased capital flexibility with no prepayment penalty
- Future fundings for additional capital improvements/leasing costs