Industrial Property Loans in California

California industrial — recent closings (May 2026): mostly low-to-mid 6s (roughly 6.0%–6.7%) fixed for permanent financing, priced over the 5-year Treasury at about +2.25–2.5%. $5M–$30M · 15–30 day typical close.

The figures above reflect actual, recently closed commercial real estate transactions and are accurate as reported as of May 2026. They are historical market data — not an indication or offer of the rate or terms you will receive; your terms depend on the property, sponsor, market, and lender underwriting and will vary. Northern Ridge Capital arranges commercial real estate financing only (no residential) and is a licensed mortgage broker (CA DRE #02093377), not a lender. See full disclosures.

Industrial is the asset class lenders most want to be in — which is good news and a trap. Good, because financing is available; a trap, because owners assume "it’ll be easy," go to one lender, and leave better terms on the table. Northern Ridge Capital places $5M–$30M industrial debt across California — warehouse, distribution, flex, last-mile, IOS — by making eager lenders compete instead of taking the first quote.

Stop wasting deals on the wrong lenders

Strong lender appetite is leverage — but only if you create competition. Banks, life companies, CMBS, and debt funds all price quality California industrial differently, and specialized product (cold storage, manufacturing, IOS) needs lenders who actually underwrite it. We’re a broker, not a lender: we position your asset for the lenders most likely to win it from a network of 700+, and run them against each other on rate, leverage, recourse, and structure.

Typical California industrial terms

Structure shown is typical, not a quote or commitment; actual terms are set by third-party lenders subject to underwriting. See disclosures.

When it fits

Acquisition

Buying a California industrial asset? In a competitive market, the buyer who lines up the right debt early — and can close on time — wins. We make sure financing isn’t what loses you the deal.

Refinance / maturing loan

Loan maturing into a higher-rate market? Even a strong industrial asset deserves a competitive process. We run the market so you refinance on the best available terms, not your current lender’s first offer.

Permanent / stabilized

Holding long-term? Life-company and CMBS options can lock low fixed rates on premium stabilized California industrial.

Value-add, lease-up, or specialized

Transitional or specialized assets (cold storage, manufacturing, IOS) need the right lender — bridge or a specialist for the business plan, then a permanent takeout.

The California market right now

California industrial — infill, last-mile, and the major logistics corridors — remains a lender favorite, which is why recent permanent financing has cleared in the low-to-mid 6s. The owners who do best aren’t the ones with the best buildings; they’re the ones who put several eager lenders in competition instead of accepting the first quote. That competition is what we run for you.

How we place California industrial debt

We’re a debt brokerage with $600M+ in deal experience across underwriting and brokerage. We underwrite your asset the way lenders will, take it to the ones actively competing for California industrial from a network of 700+, and run it to close — typically 15–30 days. You get options and leverage, not a single take-it-or-leave-it term sheet.

California industrial loans — FAQ

What rate can I get on a California industrial loan?

In our closing data, recent loans here have run mostly low-to-mid 6s (roughly 6.0%–6.7%) fixed for permanent financing, priced over the 5-year Treasury at about +2.25–2.5% (May 2026). These are actual closed transactions, not an offer — your rate depends on the asset, leverage, and sponsor. Contact us for a live quote.

How fast can it close?

15–30 days is typical on a clean, lender-ready file — which on acquisitions can be the difference between winning and losing the deal.

How much can I borrow?

Northern Ridge Capital places industrial debt from $5 million to $30 million, commonly up to ~65–70% LTV on stabilized assets.

Can you finance specialized industrial (cold storage, manufacturing, IOS)?

Yes — but it needs lenders who specifically underwrite that subtype. A generic lender’s pricing or "no" isn’t representative; matching you to the right one is the job.

Fixed or floating?

Both are available. Most recent California industrial perm deals are fixed over the 5-year Treasury; floating over SOFR is an option depending on your plan.

Is Northern Ridge Capital a lender?

No. We’re a commercial mortgage broker (CA DRE #02093377). We place your deal with the right lender from a network of 700+ and make them compete. Commercial real estate only.

Do you only work in California?

We place debt nationwide within our licensed footprint, with deep focus in California, Texas, Florida, Georgia, and Indiana.

About

Justin Ashcraft is the principal of Northern Ridge Capital, a commercial real estate debt brokerage placing $5M–$30M in multifamily, retail, industrial, and SBA financing nationwide within its licensed footprint, with $600M+ in deal experience across underwriting and brokerage. Licensed in California, DRE #02093377.

Northern Ridge Capital is a licensed commercial mortgage broker (CA DRE #02093377), not a lender, and arranges financing on commercial real estate only (no residential). Rates and figures reflect actual closed transactions as of the date noted and are not an indication or offer of terms. For informational purposes only; not financial, legal, or tax advice. Full disclosures.