CB Single Property
Azusa Industrial
Azusa, CA
$3,200,000
19,800 Sq. Ft.
Overview
The subject property is 2.26 acre multi-tenant industrial property appraised at approximately $10,000,000.00. The property is occupied by a fortune 500 company and one of the largest fuel distributors in California. The property contains one building consisting of 19,800 sf feet. The challenge was that the improvements on the portion of the property occupied by the fuel distributor are all tenant owned and are inclusive of nearly 100,000 gallons of underground bulk fuel storage.
Pathfinder was able to provide a loan from a life insurance company for the borrower that refinanced the borrowers existing debt and provided an amount of cash out. The terms of the loan Pathfinder achieved for the borrower were a period of interest only with limited recourse. The rate and terms were locked at the time of application.
Pathfinder was able to provide a loan from a life insurance company for the borrower that refinanced the borrowers existing debt and provided an amount of cash out. The terms of the loan Pathfinder achieved for the borrower were a period of interest only with limited recourse. The rate and terms were locked at the time of application.
Trusted Guidance. Reliable Results.
© 2020 All Rights Reserved. Pathfinder Mortage Corporation