Transaction Overview
The Alison Company/George Smith Partners secured $18,500,000 in proceeds for the refinance of a 309,535 square foot industrial building in Riverside, California. The lender provided proceeds of 56% of value and underwrote to a 10% stabilized debt yield. The new first trust deed will refinance an existing life company loan.
The Alison Company/GSP secured this loan with a longstanding life company lender.
