Basis Investment Group provides $23.1 million bridge loan for Sierra Vista Way in Provo, UT

January 20, 2026 - Finance

Provo, UT Basis Investment Group, LLC, (Basis) has provided a $23.1 million bridge loan to Scannell Properties to facilitate the refinancing of Sierra Vista Way, a recently constructed industrial property. The bridge loan is an investment held in BIG Real Estate Fund III.

Sierra Vista Way is a 158,765 s/f industrial building located within the Mountain Vista Business Center, with direct access to I-15, US-189, SR-114, and Lakeview Pkwy. The property benefits from its proximity to multimodal logistical infrastructure, including Provo Municipal Airport, the Utah Transit Authority FrontRunner commuter rail station, and Union Pacific’s Salt Lake City Intermodal Terminal. The convenient location, at the crossroads of the Western United States, is ideal for distribution as it is reachable in under 11 hours driving from all major western ports, the maximum amount of time a truck driver can drive per day, and less than 900 miles to every city in the Western U.S. Currently, 44.5% of the property is leased to anchor tenant, Vox Fulfillment, a third-party logistics provider headquartered in Provo.

“Scannell Partners has been a trusted partner for many years, and we are excited to extend that relationship with the refinancing of Sierra Vista Way,” said Tammy Jones, founder and CEO of Basis Investment Group. “Situated at a key nexus of Western U.S. logistics routes, the property offers a compelling location for businesses with regional and national operations. We are proud to support Scannell on this project and look forward to its continued progress and value creation.”

“We welcome Basis Investment Group’s debt investment in the Sierra Vista Way property. The refinance represents another successful transaction between Scannell Properties and Basis. Scannell Properties is confidently moving full steam ahead to lease the available space to interested parties for logistics, warehouse or distribution use,” said Evan O’Brien, director, Scannell Properties.