Transaction Overview
George Smith Partners successfully placed the $1,500,000 acquisition debt for a standalone manufacturing & distribution facility in Westminster, California. The single structure offers a 28’ minimum warehouse clearance and provides two truck bays on nearly an acre of land for the single-tenant operator. A quick close was required to meet the timetable of the Purchase and Sale Agreement. Loan approval was issued the same week as the third party reports were delivered. Fixed at 3.75% for five years, the non-recourse loan amortizes over 25 years.
