About this Property in Riverside, CA: Mid-construction for local business headquarters

Riverside, CA — Owner-User Headquarters and Distribution Facility
Loan Type: Construction Completion Financing
Property Type: Industrial office and warehouse, approximately 6,300 sq ft
Use of Funds: Complete vertical construction and obtain Certificate of Occupancy

Overview

The business originally operated as a tenant and sought long term stability by developing its own headquarters. The owner acquired a commercial lot in an established industrial area of Riverside and began building an office and distribution facility with cash. Progress slowed mid construction, so the owner engaged Enact Partners to finance completion and bring the project to occupancy.

Project Details

• Location: Riverside, CA
• Zoning: M1 General Industrial (City of Riverside)
• Building Program: Single story shell with approximately 1,500 sq ft office and 4,800 sq ft warehouse
• Site Context: Built-out industrial corridor with rail spur to the north and compatible uses on adjacent parcels

Loan Structure

• Purpose: Construction completion from current mid-build status to Certificate of Occupancy
• Facility Size: Approximately $780,000 total commitment
• Holdback for Work-in-Place and Completion: Approximately $585,000, disbursed on verified draws
• Collateral: First trust deed on the industrial parcel and improvements
• Leverage: Conservatively underwritten, sub-50 percent loan-to-value at closing

Approvals and Due Diligence

• City approvals in place, including grading permit and building plans reviewed for consistency with local standards
• Third-party review of budgets, plans, and appraisal supported project viability
• Utilities available within the frontage corridor; site improvements consistent with industrial park conditions

Outcome

Enact Partners’ construction completion loan provided the capital and structure to finish vertical work, inspections, and final site items. The building now serves as the company’s owned headquarters and warehouse, delivering long term control of occupancy and an operational base aligned with future growth.