JLL Secures $33.8M Construction Loan for Industrial Development in Hesperia, California

JLL Secures $33.8M Construction Loan for Industrial Development in Hesperia, California

HESPERIA, CALIF. — JLL Capital Markets has arranged $33.8 million in first lien construction financing for the development of 10400 Amargosa Road, a to-be-built Class A industrial facility in Hesperia. Matt Stewart, Kellan Liem, Allie Black and Cameron Sepahi of JLL secured the five-year (inclusive of extension options), fixed-rate loan through TDA Investment Group for the borrower. Situated on a 21.5-acre site, the 428,185-square-foot, single-t…

Hesperia Industrial Secures First Lien Construction Financing

JLL Capital Markets arranged $33.8 million in first lien construction financing for 10400 Amargosa Rd., a to-be-built, Class A industrial facility in Hesperia. The Covington Group will develop the project on behalf of owner/user Pixior Group. JLL represented the borrower in securing the five-year, fixed-rate loan through TDA Investment Group, on behalf of its pension client. The JLL Capital Markets Debt Advisory team representing the borrower wa…