Affinius Capital LLC (“Affinius Capital”) announced today that they have originated a $135 million loan to finance the ground-up development of Perris Gateway, an 850,000-square-foot industrial development in Perris, CA. 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 be used to finance the construction and lease up of the project.

Affinius Capital Managing Director Tom Burns commented, “This transaction represented a rare opportunity to provide construction financing for a large-scale warehouse project with excellent visibility and access to I-215. 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.”

“Bank OZK is pleased to once again partner with Affinius Capital to provide financing for this expansive industrial development that will serve as a convenient, flexible and accessible distribution hub,” said Jason Choulochas, Managing Director of Originations at Bank OZK.

“Today marks an exciting milestone for Perris Gateway. We are thrilled to have such great partners in Affinius, Bank OZK, and the City of Perris. Perris Gateway will be a next-generation industrial facility in a strategically located supply-constraint market,” said Stanley Zheng, Vice President at DECA Companies.

Perris Gateway will feature cutting-edge specifications designed to meet the demands of modern logistics and industrial operations including: an impressive 40' clear ceiling heights; 124 dock-high doors; 4 drive-in doors; and 4,000 amps of power. The development will also provide ample parking with 348 auto parking stalls and 308 trailer parking stalls, addressing the needs of both employees and logistics operations.

Located just off I-215 via the Ramona Expressway, Perris Gateway will offer seamless connectivity to key markets such as Las Vegas, Phoenix, San Diego, and Tucson within a one-day drive and San Francisco, Reno, Salt Lake City, and Albuquerque within a two-day drive. Additionally, the site is only 75 miles from both the Port of Long Beach and the Port of Los Angeles, two of the largest ports in the United States.

The Inland Empire industrial market has historically been one of the tightest industrial markets in the country, particularly for large-scale industrial buildings. The demand for facilities over 750,000 square feet remains exceptionally strong, with CBRE reporting a sub-five percent vacancy rate for these larger facilities.