Affinius Capital LLC has provided a $135 million loan to fund the development of Perris Gateway, an 850,000-square-foot industrial project in Perris. The senior portion of the loan was provided by Bank OZK, while Affinius Capital originated the subordinate portion. The financing will support DECA Companies and Wildcat Capital Management’s joint venture in constructing and leasing out this project.
According to Tom Burns, managing director at Affinius, this deal presented a unique opportunity to provide construction financing for a large-scale warehouse with excellent visibility and access to I-215. He also expressed excitement about closing this transaction with DECA and Wildcat as it will be one of only a few large cross-dock buildings available for lease in 2025 due to high demand for industrial space over 750,000 square feet in Inland Empire.
Perris Gateway will offer impressive features such as 40′ clear ceiling heights; 124 dock-high doors; four drive-in doors; and an impressive power capacity of up to 4,000 amps.
