LAGUNA HILLS, CA-Omni West Group has opened the doors to the company's eight-building, 50,000-sf Rivera Industrial Park in Riverside, a project at 485 Rivera St. that is aimed at smaller users but features amenities that are typically associated with big-box units, according to the Laguna Hills-based developer. The project, which Omni West debuted Thursday, features industrial buildings for sale ranging from 5,220 sf to 6,746 sf.

Kip Dubbs, president of Omni West, calls the Rivera Industrial Park features "rare amenities on buildings of this size," adding that the Laguna Hills firm is offering financing on the buildings. The buildings include mezzanine office, 600-amp power, 20-foot warehouse clearances, yard space in some units and dual roll-up doors.

In light of the changes that have occurred in the capital markets since Omni West broke ground on the project early this year, the company has gone to extra lengths to facilitate financing for buyers. Joan Darhart, vice president of Business Community Capital, points out that many business people use the equity in their homes or other properties to provide the down payment on their commercial building purchases, but the current mortgage lending situation has severely impacted their ability to access those funds.

To alleviate this problem, Business Community Capital will allow the equity in other property to be pledged as additional collateral to support 100% financing. The loans will be underwritten using standard SBA lending criteria, eliminating the need for FICO scores or debt to income ratios.

The Rivera Industrial Park is situated on a 2.5-acre site at Rivera near North Main Street. Omni West plans to capitalize on the demand for small-box industrial buildings, which are in short supply throughout the Inland Empire, according to Dubbs.