Silver Creek Development has secured $46 million in takeout financing from Keystone National for Sossaman Business Campus, a newly constructed industrial property in Mesa, Arizona. Arrow Real Estate Advisors negotiated the transaction on behalf of the borrower.
Sossaman Business Campus represents a significant addition to Metro Phoenix's industrial real estate landscape. Mesa, positioned southeast of downtown Phoenix, has emerged as a prime hub for warehouse and light manufacturing facilities serving the Southwest region. The takeout loan refinances construction debt and provides permanent financing for the completed project.
Keystone National, operating as a debt fund, supplied the capital for this transaction. Takeout financing typically replaces construction loans once a project reaches completion and lease-up milestones. This financing structure allows developers like Silver Creek to repay their construction lenders and stabilize the asset with long-term debt.
For Silver Creek Development, the $46 million takeout addresses a critical refinancing need. Construction loans carry higher interest rates and shorter terms than permanent financing. Securing takeout debt at Keystone National signals confidence in the property's operational performance and tenant demand.
The transaction reflects sustained investment in Arizona's industrial sector. E-commerce growth, nearshoring initiatives, and population expansion in the Phoenix metropolitan area continue driving demand for warehouse and distribution space. Mesa's location along major transportation corridors makes it particularly attractive for logistics-oriented tenants.
Arrow Real Estate Advisors' role in structuring the deal demonstrates broker involvement in complex commercial debt placements. Mortgage brokers and real estate advisors negotiate terms, rates, and covenants between borrowers and lenders, leveraging relationships across the debt fund market.
Industrial property investors benefit from stable, long-term financing like this takeout loan. It reduces refinancing risk and enables capital deployment toward new development projects. For tenants leasing space at Sossaman Business Campus, permanent