$1.0MM OF TOTAL FINANCING
We are pleased to announce the closing of a $1,000,000 subordinated debt investment for the purchase of an existing industrial building by the tenant.
Beachrock has successfully closed a $1,000,000 junior loan to accommodate the gap between the senior lender and the owner's equity contribution. Beachrock was able to find a lender that could underwrite the value of the property, as well as the cash flows of the underlying business, despite the fact that the business had been temporarily impacted by COVID restrictions.
BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!