Renzo Capital Corp Closed a $21.0 Million Senior Bridge Loan
Renzo Capital Corp closed a $21.0 million senior bridge loan, which provided the capital necessary for the acquisition of an industrial building totaling 242,000 square feet in Los Angeles, CA. The Sponsor required immediate execution due to an expiring purchase option, which allowed them to acquire the property and accommodate their rapidly growing business. Renzo Capital Corp was able to swiftly underwrite the Sponsor's business and understand the local industrial market in Los Angeles, CA.