BridgeInvest Closes $25 MM Industrial Construction Loan in Phoenix, AZ

BridgeInvest is excited to announce the recent closing of a $25 million loan that will finance the ground up development of a 217,000 square foot industrial facility in the West Valley submarket of Phoenix, AZ. Upon completion the property will feature a rear-load distribution facility with 32-foot clear heights, 48 dock-high doors, two drive-in doors, 162 car parking spots and 44 trailer parking stalls.

Transaction Highlights:

• Ground Up Construction of a 216,688 SF Industrial Facility on a 13-Acre Site
• 70% LTC / Non-Recourse
• Repeat Borrower Relationship