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Biochemical Industrial - Acquisition

Orange County, CA

$3,900,000

Orange County, CA

 

Funding Purpose

Place SBA Financing to provide capital for sponsor to expand their business and move into a larger facility.

Property Description

32,00 s.f. Freestanding Industrial Building with Warehouse and office space located in Orange Country, CA.

Sponsors

Sponsor has operated a successful Biopharma company for the last 30 years and now has the opportunity to expand and move into a building almost double the original size.

Challenges

  • Comapany income dipped between March 2020 and August 2020.
  • Short timeline to close.

Solutions

  • Through strong lender relationships we were able to base NOI off income pre-covid and post August 2020, and most importantly close on time.

Funding

  • Loan Amoutn (LTV): 90% 
  • Interest Rate: - 3.38% 
  • Amortization: - 25 years
  • Term: - 25 years 
  • Recourse:  Recourse   


Matt Ingle

Matt Ingle

TITLE

Associate Director, Capital Advisor

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