Moreno Valley, CA

$17,500,000 First Mortgage

In August 2023, a $17.5 million first mortgage was provided for a to-be-built industrial development located at 30050 Eucalyptus Avenue in Moreno Valley, California. The project is situated on a 23-acre industrial-zoned site and is planned as a large-scale warehouse/distribution facility totaling approximately 506,000 square feet. The business plan focused on acquiring and entitling the land, with underwriting reflecting the potential to either develop a Class A industrial building or monetize the entitled land.

The site is located within the World Logistics Center master-planned development, the largest logistics park in North America, offering direct visibility and access from the 60 Freeway.