elchrist
See-thru Afro
Joined: 09 Oct 2002
Posts: 7485
Location: Calecia.com
  
Votes: 14
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 Posted: 15 May 2007 08:07 AM Post subject: Calexico TownCenter Plaza |
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Scripps Investments & Loans Provides $19,025,000 in Acquisition & Development Financing for 125-acre Commercial / Industrial Project in Calexico, CA.
LA JOLLA, Calif., May 14 /PRNewswire/ -- Scripps Investments & Loans, a private lender in La Jolla, California, provided $19,025,000 in financing for the TownCenter Plaza project in Calexico, California. The transaction was structured as a 12 month loan with two 3-month options to extend, and is secured by a first trust deed on the project.
TownCenter Plaza consists of 125.7 acres of commercial/industrial land tentatively mapped for 51 industrial lots ranging in size from 1 to 8.44 acres situated on the north side of Cole Road, west of Highway 111 in Calexico, California. Scripps loan will provide construction funds to develop the commercial/industrial lots for sale.
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http://www.earthtimes.org/articles/show/news_press_release,105611.shtml |
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