The financing, which has been arranged by Scott Abel of Burnham Real Estate's Capital Markets Group, has resulted in a $13.4-million loan for the business park's first and second phases and a separate, $12.9-million loan for its third and fourth phases. The borrowers are Hondle LTD and Nonar LLC, respectively.

Located at Poinsettia Drive and Business Park Drive, Rancho Vista Business Park encompasses 80 acres, with the first four phases of the project totaling a combined 461,961 sf. Developed by Square One Development, Rancho Vista Business Park has taken more than a decade to build. The master-planned project incorporates unique amenities such as high ceilings, increased voltage capability and an upscale industrial workspace. Its tenants have included PennySaver Publications, Distinctive Plastics, Pure-Spin Golf Co. Inc., Javo Beverage Co., Eaton Leonard Tooling Inc., Lab Trader, Snap-On Tools Co. Inc. and JPS Service Solutions.