NEWPORT BEACH, CA—Carl Fuller of The Alison Company recently provided a $17,725,000 forward commitment on two distribution buildings located in Riverside, California.  Company Vice President Shaun Moothart, also closed recently on $10,150,000 in permanent financing for a Southern California portfolio consisting of four properties totaling 212,000 square feet.

The two properties total 850,000 square feet with four tenants and varying lease terms. A correspondent life insurance company provided the seven-month forward commitment for a term of 10 years amortized over 25 years. Founded in 1934, The Alison Company is a full service commercial real estate mortgage banking firm, operating as a servicing correspondent with representation for over a dozen life insurance companies.

The portfolio deal closed by Moothart includes acquisition of a grocery anchored retail property located

on the southeast corner of Centinela Avenue and North La Brea Avenue in Los Angeles, CA. The property measures 34,000 square feet, a relatively small platform store 100% occupied by Ralph's.  The grocery store is part of a major supermarket chain in the Southern California area and the largest subsidiary of Cincinnati-based Kroger.