Thursday, April 07, 2005

Wells Fargo Commercial Mortgage Provides $5.8 Million for Industrial Park in Simi Valley

SIMI VALLEY, Calif., April 6 /PRNewswire/ -- Wells Fargo Commercial Mortgage announced today that it has provided a $5.8 million fixed rate 10-year permanent financing for RIF-II Easy Street, LLC, owner of a multi- tenant industrial park in Simi Valley. RIF-II Easy Street, LLC is managed by Rexford Industrial, LLC.

"Wells Fargo has long term relationships with both Howard Schwimmer and Richard Ziman, principals of Rexford," said Bill Harvey, commercial mortgage originator with Wells Fargo in Los Angeles. "They're experts at repositioning and developing commercial investment properties in Southern California."

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