Aries Capital recently closed on a $50-million bridge loan to facilitate the acquisition of a 290,195-square-foot industrial property in Pomona. The $65.5 million sale was negotiated by Lee & Associates and completed within 17 days for buyer Hawkeye Holdings, LLC – making it the largest industrial transaction in Pomona this year. Brandon Perdeck (Director of Capital Markets), Matt Carney (Director of Acquisitions) and Steve Adams (Assistant VP) arranged the three year interest only loan through a national balance sheet lender with Ron Mgrublian from Lee & Associates Los Angeles – Long Beach as well as Ed Matevosian from CBRE Glendale representing Hawkeye Holdings.
Perdeck commented “We were able to provide our client with exactly what they needed: A timely delivery of capital that would enable them to acquire this strategic distribution center which will serve as their foundation for continued expansion” This latest acquisition is yet another example demonstrating Aries Capital’s ability to deliver successful outcomes even under tight deadlines or challenging circumstances.
