Wells Fargo Commercial Mortgage announced today that it has provided a $5.8 million fixed rate 10-year permanent financing for RIF-II Easy Street, LLC, owner of a multi- tenant industrial park in Simi Valley. RIF-II Easy Street, LLC is managed by Rexford Industrial, LLC.
"Wells Fargo has long term relationships with both Howard Schwimmer and Richard Ziman, principals of Rexford," said Bill Harvey, commercial mortgage originator with Wells Fargo in Los Angeles. "They're experts at repositioning and developing commercial investment properties in Southern California."
Built in 1991, the 5-building park totals 102,000 square feet and covers 6.09 acres. It is located on the corner of West Easy Street and Madera Road near the 118 Freeway in Simi Valley. Unit sizes range from 2,000 to 25,000 square feet.
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