$12,425,000
Transaction Type
Acquisition
Loan Type
Bridge Loan
Loan Term
3 Years + 2x1 Year Extensions

Highlights
Acquisition of a 450,400 SF, Class B industrial asset in the St. Louis MSA.
In-place cash flow from a manufacturing/distribution company that occupies ~70% of the building under a long-term lease.
Capital improvement plan includes dock door additions, truck access improvement, lighting upgrades, and office buildout, which will support the lease-up of the remaining vacant space.
Provided customized loan structure and a quick close to facilitate the business plan and acquisition timeline.