BWE Secures $190M Refi for Ontario Warehouses

BWE, a national commercial and multifamily mortgage banking company, secured $190,000,000 to refinance a portfolio of three warehouse properties in Ontario.

SVP Max Sauerman, assistant VP Tyler Shebeck and transaction manager Erin Briggs, all in BWE’s Los Angeles office, originated the 7.5-year, fixed-rate, interest-only loan through New York Life Real Estate Investors on behalf of the borrower,  a Dedeaux- controlled entity affiliated with DART and Dedeaux Properties, one of the most active industrial developers and investors in California. The fixed-rate loan terms included full term interest only and prepayment flexibility.

“Despite today’s difficult lending environment, BWE coupled its knowledge of the strong industrial real estate fundamentals in the Inland Empire submarket with a creative loan structure to allow the Dedeaux Family to obtain lower cost, fixed rate, interest-only loan that was used for growth capital,” said Sauerman.

For up-to-the-minute insights on the state of the market and what’s next in the current cycle, be sure to attend Connect Investment & Finance 2023 on Oct. 24 at the Hyatt Regency O’Hare in Rosemont, IL. Click here to register.