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Capital One Closes $60M Loan for Rexford SoCal Industrial Portfolio

Capital One Closes $60M Loan for SoCal Industrial Portfolio

Capital One has provided a $60 million loan to Rexford Industrial Realty, a publicly traded REIT, to refinance a portfolio of six industrial properties located in Simi Valley, Oxnard, Camarillo, Fullerton, Irwindale and City of Industry, CA. Capital One and Rexford have a longstanding relationship that includes a credit facility that Rexford has used to support its recent expansion.

The 100% occupied, six property portfolio totaling 900,000 square feet, has been refinanced with a two-year, interest-only, adjustable-rate term loan with three 12-month interest-only extension options. “Industrial real estate fundamentals within infill Southern California continue to be resilient due to diversified tenant demand and high barriers to new supply,” said Capital One’s Michael Sleece.

“Capital One is a valued partner in supporting Rexford’s sector-leading growth,” commented Rexford CFO Laura Clark. “Our favorable access to capital enables Rexford to capitalize on accretive internal and external value creation opportunities.”

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Capital One Commercial LoansRexford Industrial RealtyLaura Clark

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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