West Coast Cold Storage

124,300 SF Cold Storage Facility Jurupa Valley, CA

Buchanan Mortgage Holdings, LLC provided a $19.55 million, non-recourse construction loan for the development of a 124,300 SF cold storage facility situated on 7.9 acres in Jurupa Valley, California. Upon completion, the state-of-the-art facility will feature a steel frame structure with 40’ clear height, a mix of freezer and cooler space constructed of prefabricated metal panels, and it will be 100% master leased by a borrower-related entity. Buchanan Mortgage Holdings, LLC was able to provide an attractive non-recourse loan in a short timeframe that maximized debt proceeds while limiting Sponsor’s equity requirement.