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New Pomona Warehouse Secures $50M Construction Loan
JLL Capital Markets has arranged $50 million in construction financing for the development of 4200 W. Valley Blvd., a 270,000-square-foot industrial warehouse in Pomona, CA. The firm worked on behalf of the borrower, CapRock Partners in securing the non-recourse loan.
The new facility, situated on 12.5 acres, will feature 40’ clear heights, 28 dock-high doors, two grade-level doors and 46 trailer stalls. The location will benefit from its proximity to the City of Industry Intermodal Facility, Ontario International Airport and the Ports of Long Beach and Los Angeles.
“Despite the limited liquidity in the bank markets, we were pleased to have identified multiple non-recourse loan options and ultimately source a new lending relationship on behalf of our client,” said JLL’s Senior Managing Director Greg Brown who represented the borrower along with the firm’s Capital Markets Debt Advisory team of Director Peter Thompson and Associate Sam Godfrey.
- ◦Financing
