Colonial Capital, LLC

Highlight of our recent closing! Property Type: Residential

Total Size: +/- 4,395-SF, 4 bed/5 bath single family home on ~0.42-ac lot

Location: The subject property is located directly off W Lambert Ln, just West of N Oracle Rd (State Route 77).

Loan Monies Plan: Refinance and continued construction of a single family residence. Due to the nature of the loan, it will be funded in two separate tranches. Additionally, six months of interest payments will be released after close in the form of an interest reserve. Construction has been underway and overall, the home is about 55% completed.
*The property is expected to be completed by late November of 2024*

🚨COLONIAL RECENT CLOSING 🚨
Property Type: Commercial, Industrial

Total Size: two industrial buildings totaling +/- 94,720-SF on +/- 5.28 acres of industrial zoned land

Location: Southwest Phoenix Industrial Submarket just south of the ever-growing I-10 corridor and on the Southwest corner of North 48th Avenue and West Van Buren Street.
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NOTE: the property is currently in escrow via a sale-leaseback transaction. After the sale, Zummit Plastics will sign up to a 12-month bridge lease while the company prepares to move its operation to Atlanta, GA, and Lord & Sons will agree to sign a brand new, 10-year triple net lease with annual 4.00% bumps.