Affinius Capital LLC originated a $135-million loan to finance the ground-up development of Perris Gateway, an 850,000-square-foot industrial development in Perris. Bank OZK provided the senior portion of the loan, while Affinius Capital originated the subordinate portion. The loan was provided to a joint venture between DECA Companies and Wildcat Capital Management and will finance the construction and lease-up of the project.

“This transaction represented a rare opportunity to provide construction financing for a large-scale warehouse project with excellent visibility and access to I-215,” said Affinius managing director Tom Burns. “Given the leasing velocity of industrial buildings greater than 750,000 square feet in the Inland Empire, we are very excited to close this transaction with DECA and Wildcat as Perris Gateway will be one of only a handful large cross-dock buildings available for lease in 2025.”

Perris Gateway will feature 40′ clear ceiling heights; 124 dock-high doors; four drive-in doors; and 4,000 amps of power.

DZL Management has obtained a $135 million loan refinancing of Cummins Station, a mixed-use asset totaling 408,000 square feet. Originally built in 1906, the historic property has undergone renovations since to transform it into its current state as a mixed-use asset offering 61,000 square feet of office space, 46,000 square feet of retail space and dining options. Cummins station also includes the Baggage Building, a 58,000-square-foot Cannery Hall event space, and more than 12.4 acres of developable land.

JLL worked on behalf of the borrower, DZL Management, to secure the five-year, fixed-rate loan.

Cummins Station is located at 209 10^th Ave. S. in the heart of Nashville’s Gulch neighborhood. It is immediately adjacent to Downtown and I-40 and is within walking distance of more than 3,000 residential housing units, more than 10 hotels and more than 60 food and beverage options.