Dealmaker: Bandon Capital Advisors Arranges Multiple Southern California Financings

The Costa Mesa property. (Courtesy Bandon Capital Advisors)

Bandon Capital Advisors, Los Angeles, arranged $11.5 million to refinance an industrial site in Costa Mesa, Calif., and secured $5 million for two industrial assets in Burbank and Pico Rivera, Calif.

Bandon secured the financings for client BLT Enterprises.

For the Costa Mesa property, Bandon secured a long-term fixed rate loan with some interest-only periods followed by a 30-year amortization schedule with a trusted life company lender, meeting the borrower’s financing needs.

The site includes a truck and automotive maintenance facility and office building, with space for industrial outdoor storage.

“Both online shopping and consumers’ call for quick delivery services, which escalated during the pandemic, show no signs of abatement,” said Bryan Kenny, Co-Founder and President at Bandon Capital Advisors. “Given the rise of ecommerce and subsequent increased need for storage and transportation properties across the United States, we’ve seen the IOS segment soar in recent months–particularly in Southern California, as available industrial space grows scarcer and rental rates continue to climb.” 

For the two Los Angeles-area sites, Bandon secured both deals with aggressively priced, long-term fixed-rate terms including interest-only periods followed by 30-year amortization.

The assets are single-tenant industrial properties and were refinanced via one of Bandon Capital’s life company lending partners.