Closed: $1.5MM Industrial Conventional Loan
Liberty SBF has closed a $1.465MM Conventional loan for the refinancing of a one-story, 12,700-square foot industrial property, located within the Rancho Center Industrial Park in Rancho Cucamonga, CA. Phillips Saw & Carbide Tool Company fully occupies the space. The loan will also fund Phillips Saw’s equipment acquisition and additional working capital.
The Southern California property is located 15 miles north of Riverside, CA and 37 miles east of Los Angeles, in the fast-growing Inland Empire MSA, served by Interstate 10 and 15 freeways. Phillips Saw services manufacturers with a specific niche market in the pool and spa industry, in addition to the aerospace, furniture, construction, lumber yard, and boat and RV industries. The company founders and owners have successfully operated Phillips Saw for more than 30 years. They acquired the property in 2006.