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FREEDOM FINANCIAL FUNDS CLOSES $14M LOAN IN UPLAND, CALIF.

Freedom Financial Funds recently closed a $14M loan to finance the construction of a Shell gas station with convenience store and car wash; a 10,725 square foot retail building located on an adjoining parcel that will house a new Starbucks with a drive-through and future tenants; and bridge financing for a land parcel leased to Tesla for parking adjacent to a building financed by Freedom for the sponsorship group. The property is strategically placed overlooking the 210 Freeway in Upland, California.


This loan marks the eighth transaction Freedom has completed with this client, who trusts Freedom to efficiently and effectively navigate complex transactions with multiple moving parts. The client also appreciates Freedom’s ability to accommodate their request to finance 80% of the project cost as well as the fund’s capacity to build in stepped-down pricing following the achievement of certain pre-agreed income levels.  


Freedom Financial Funds manages a private REIT and separate accounts through which it responds to the financing needs of real estate professionals seeking capital for construction, rehabilitation, repositioning, conversion or additions to commercial and residential properties in the Western United States. Freedom also offers build-to-suit financing nationally. In only five years, Freedom has executed more than $500 million in transactions and has remained steadfast throughout the CV-19 crisis. Freedom serves markets throughout the Western and Southwestern U.S. from its locations in California, Arizona, Oregon and Texas.