Robertson Refis 372,000-SF Warehouse for $18M

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.”