Murrieta, CA

$6,200,000

Industrial

Purchase

11/15/2016
Transaction by
Archway Fund
In November 2016, Archway Fund financed a $6.2MM bridge loan to purchase a 120,000 square foot industrial building in Murrieta, Riverside County. The loan was secured by a 1st trust deed on the property and further secured by a 3rd trust deed on their existing industrial building located in the City of Industry, CA. The borrower was looking to bridge the purchase of the property with a 1st trust deed loan on the property and a 3rd trust deed loan on the Departure Building. The loan term was 12 months.