PICO RIVERA, CA-An affiliate of West Los Angeles-based Robertson Properties has refinanced a 372,164-square-foot industrial building here via a $17.5 million loan arranged by Venture West Funding of El Segundo. Matt Douglas of Venture West, who arranged the financing through Prudential Mortgage Capital, tells GlobeSt.com that the borrower owned the property free and clear and sought the refinancing “ to take advantage of today's low fix rates and lock up 10 year financing."

According to Douglas, “We secured a 10-year fixed, non-recourse loan amortized over 30 years at a rate under 5%. This lender offered the most competitive rates and greatest flexibility for our borrower.”

The 372,164-SF warehouse and distribution facility is located at 8462 East Whittier Blvd. in Pico Rivera, CA and is 100% leased by three tenants–CHEP, Bimbo Bakeries, and Bay Cities Container Corp. All three tenants have occupied the building since Robertson Properties Group constructed it in 2002.