$2.0MM OF TOTAL FINANCING

We are pleased to announce the closing of a $2,000,000 land loan to facilitate the purchase of industrial land located in the Inland Empire.    

Beachrock has successfully closed a $2,000,000 land bridge loan used to purchase a 3.1 acre industrial parcel located in Jurupa Valley.  The project's sponsors were looking for a loan with terms that reflected the favorable purchase basis, as well as the value of the entitlement work that had already been completed to that point.  The lender was able to recognize these factors and provided a loan that included ongoing funding for the remaining predevelopment expenses, with the intent to provide the construction loan in the future to accommodate the construction of the proposed 58,000 sf improvement when ready.  

BEACHROCK THANKS EVERYONE INVOLVED IN THIS TRANSACTION!