Trident Capital Partners, a boutique real estate debt fund and private REIT, has provided $3 million in financing for the site of a future Tesla Supercharger station in Los Angeles. The 18-month, full-recourse loan was structured at 55% loan-to-stabilized value and facilitated the acquisition and redevelopment of a 0.52-acre commercial site in the Studio City neighborhood. Brian Perkins, mortgage broker with Pathfinder Mortgage Corp., advised the borrower.
The sponsor acquired the property at closing for $4.53 million and worked closely with the Los Angeles City Planning Department and Tesla to design a plan accommodating 24 charging stalls on the site.
“High-capacity charging stations sit at the intersection of real estate, utility infrastructure and execution,” said Trident partner Bryce Molder. “This wasn’t a speculative land story. The borrowers had a defined plan with a committed operator, and our financing helped secure the site and bridge the timeline between acquisition and delivery.”
