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Affinius Originates $135M Loan for Perris Construction, Lease-Up
Affinius Capital LLC originated a $135-million loan to finance the ground-up development of Perris Gateway, an 850,000-square-foot industrial development in Perris. Bank OZK provided the senior portion of the loan, while Affinius Capital originated the subordinate portion. The loan was provided to a joint venture between DECA Companies and Wildcat Capital Management and will finance the construction and lease-up of the project.
“This transaction represented a rare opportunity to provide construction financing for a large-scale warehouse project with excellent visibility and access to I-215,” said Affinius managing director Tom Burns. “Given the leasing velocity of industrial buildings greater than 750,000 square feet in the Inland Empire, we are very excited to close this transaction with DECA and Wildcat as Perris Gateway will be one of only a handful large cross-dock buildings available for lease in 2025.”
Perris Gateway will feature 40′ clear ceiling heights; 124 dock-high doors; four drive-in doors; and 4,000 amps of power.
- ◦Development
- ◦Financing
