CHINO HILLS-Eagle Group Finance, L.P. has provided a family-operated investment group with a $2 million short-term, non-recourse senior note to recapitalize a 13.7-acre land parcel in Chino Hills.
“While the financing will be used to pay off the existing debt encumbering the property, equally important, it gives the borrower the time necessary to move forward with its development plans,” said Brian Good, president of Eagle Group, Los Angeles.
The borrower, which has more than two decades of experience in healthcare development, purchased the property in 2006. The property is located near the 71 Freeway and Chino Hills Parkway.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
