Keystone Mortgage Corporation has arranged $69,500,000 in fixed-rate permanent loans to refinance a portfolio of Southern California industrial properties totaling approximately 1.07 million square feet. The company arranged the loans through one of its life insurance company correspondent lenders, which provided the non-recourse loans at an extremely competitive spread.

“The financing facilitated the refinance of the maturity balances with significant cash-out,” said Nick Viscount of Keystone’s Orange County production office, who secured the financing on behalf of the borrower, an undisclosed private real estate investor. “Despite the challenge of multiple single-tenant buildings with near-term lease expirations, the winning lender was able to focus on the conservative metrics, the excellent locations and market fundamentals, and a very strong sponsor, which ultimately provided competitive terms.”

The properties are improved with 15 concrete tilt-up buildings and situated on a combined 52.5 acres.

Don’t Miss Carter Andrus, Chief Operating Officer of Prologis, as the keynote interview at Connect Industrial Midwest.— taking place Tuesday afternoon, March 10, 2026, at Joe’s Live in Rosemont, IL.