Insights

Buchanan Mortgage Holdings, LLC (BMH), an affiliate of Buchanan Street Partners, L.P., provided a $22.7 million construction loan for Fairway Business Park Phase Ill in Lake Elsinore, California. The third and final phase of the industrial business park will offer six modern owner-user sized warehouse buildings, on separate parcels, totaling 149,500 square feet. The sponsor, a multi-generational Orange County-based commercial and residential developer, was represented by Walker & Dunlop to secure the two-year floating-rate construction loan.

Buchanan Mortgage Holdings, LLC (BMH), an affiliate of Buchanan Street Partners, L.P., provided a 12-month, $49,000,000 non-recourse bridge loan secured by a recently completed Class A, mixed-use property comprised of 127 multifamily units above 9,500 SF of ground-level retail in Azusa, CA. The property is still in the initial lease-up phase and was 85% leased at closing. Located in the heart of Downtown Azusa, the transit-oriented community provides residents with immediate access to the Metro Gold Line station, essential retail and dining, as well as a desirable on-site amenity package that includes secured structured parking, multiple resident lounges, a courtyard pool, and fitness center.