$26,000,000 Bridge Loan Secured for Industrial Property in Anaheim, CA
May 5, 2026 Bridge Lender
Deal Summary
North Palisade Partners secured $26 million in bridge financing on a 7.75-acre industrial outdoor storage facility at 1477 N. Jefferson St. in Anaheim. The non-recourse loan carries a three-year term at a floating rate, and the lender was identified through title records as Realterm Logistics Credit Fund, the credit vehicle of logistics real estate investor Realterm.
The Class A site spans 337,590 square feet at the corner of North Jefferson Street and Orangethorpe Avenue and is fully leased to a Fortune 100 logistics company, which uses the yard as mission critical secured parking supporting two nearby distribution centers. The property includes 161 trailer stalls and sits within striking distance of the 91, 57, and 90 freeways, roughly 33 miles from the Ports of Long Beach and Los Angeles.
Industrial outdoor storage has graduated from niche to institutional. Low coverage sites with credit tenancy in infill Southern California locations are now financeable with non-recourse institutional debt at terms that did not exist for the asset class five years ago, and lender appetite continues to deepen as the category matures.
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Market Notes
Owners of low coverage industrial land in infill Southern California should not assume their asset is unfinanceable simply because improvements are minimal. Credit tenancy, contractual rent, and location near port and freeway infrastructure are what lenders underwrite on IOS deals, and the buyer pool of institutional lenders for the category keeps widening. Sites with in-place leases to logistics users are commanding institutional debt terms, and owners refinancing or recapitalizing should run a full process rather than defaulting to the local bank that financed the land purchase.
Transaction Details
- Closing Date
- May 5, 2026
- Loan Amount
- $26,000,000
- Loan Type
- Bridge Lender
- Loan Purpose
- Bridge
- Capital Type
- Senior Debt
- Rate
- Floating
- Term
- 3 years
- Asset Type
- Industrial
- Source
- Industry reporting
Property
- Property Name
- 1477 N Jefferson St (Industrial Outdoor Storage)
- Address
- 1477 N Jefferson St
- City, State
- Anaheim, CA
- Market
- Los Angeles
Source: view source announcement
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Transaction details are compiled from public announcements, press releases, industry reporting, or information submitted by parties to the transaction, and have not been independently verified by LoanList CRE. Terms shown may be approximate. Nothing on this page constitutes a quote, offer, or guarantee of financing terms. Full disclaimer.