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Bellwether Closes $132M in SoCal Development Financing
Bellwether Enterprise Real Estate Capital LLC closed two loans totaling $132,235,000 for a mixed-use development in Stanton (pictured) and an industrial park project in Riverside.
Bellwether Enterprise’s Tom Kenny, who originated both loans, says, “Bellwether Enterprise is committed to providing flexible financing options for properties throughout the country. We are proud to have worked closely with our equity and debt partners to close both of the deals amid the shifting pandemic landscape.”
The properties included:
The VRV in Stanton entails a $61 million non-recourse construction loan and $25.25 million preferred equity loan on behalf of the unnamed borrower for the construction of a 300-unit mixed-use development located at 12710 Beach Blvd. The VRV will feature freeway-visible signage, 6,200 square feet of ground floor retail space, a resort-style swimming pool, fitness center, sky deck, pet spa and golf simulator, as well as a community center.
Eagle Business Park in Riverside received a $28.8 million construction loan and $17.1 million equity investment on behalf of the undisclosed borrower for the construction of a 384,180-square-foot, four-building business park located at 20800 Krameria Ave.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Development




