Fortress Closes $112M Commercial Real Estate Financing for Brea Mixed-Use Redevelopment
Fortress announced January 28, 2026, that it has closed a $112 million senior secured loan to support the real estate acquisition and redevelopment of a 33.9-acre infill site in Brea, California. The commercial real estate financing will enable developer Dwight Manley to transform the property from its current configuration of five industrial and office real estate buildings into a mixed-use development.
Real Estate Development Plans for Mixed-Use Project
The redevelopment plans, subject to zoning and entitlement approvals, call for repositioning the site into a mixed-use asset anchored by a national wholesale retailer with an adjoining residential component featuring more than 250 townhomes. A national homebuilder will develop the residential portion of the project. The site has been acquired by an entity controlled by Dwight Manley, a Brea-based real estate owner and developer.
"From my first meeting with Fortress, they stood out from all the financing options as the perfect lending partner, and they executed exactly as they promised from start to finish," said Manley.
Commercial Real Estate Financing Structure
The financing package consists of a $107 million senior secured mortgage loan, with additional funding allocated to support interest carry and transaction costs, bringing the total commercial real estate financing to $112 million. Fortress served as sole lender on the transaction.
Strategic Context for Office and Industrial Real Estate Repositioning
The real estate acquisition and redevelopment involves repositioning the existing office and industrial buildings to retail real estate and residential uses.
"This project is a great example of Fortress's ability to structure a wide variety of commercial real estate financing in support of high-quality developers and projects that enhance local communities," said Noah Shore, Global Co-Head of Commercial Real Estate Debt at Fortress Investment Group. "We are pleased to support Mr. Manley's redevelopment and believe that it will deliver long-term value to the Brea community while providing an attractive investment opportunity for our investors."
About Fortress Investment Group
Fortress Investment Group manages $54 billion of assets under management as of September 30, 2025, on behalf of approximately 2,000 institutional clients and private investors worldwide. Founded in 1998, the firm deploys capital across credit and real estate, private equity, and permanent capital investment strategies.
Sources
Fortress Investment Group - https://www.fortress.com/media/2026-01-28-fortress-investment-group-closes-112-million-senior-secured-financing-for-residential-and-retail-development-in-brea-california