$10,000,000 | CIP Real Estate

brookhollow

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