Hawthorne, CA
BOLOUR recently provided a land loan for the acquisition of an almost 1-acre unentitled infill site. Located directly north of the Hawthorne Municipal Airport in Hawthorne, California, the land is earmarked for a new 48,000-square-foot “creative industrial” development, mixing creative office with 30’ clear height warehouse space. BOLOUR provided the 12-month loan at 71 percent of the site’s purchase price, allowing the borrower the time needed to entitle a unique new project within Hawthorne’s burgeoning tech ecosystem.
HIGHLIGHTS
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High Leverage
Non-Recourse
Unentitled Land
