$13,850,000
Transaction Type
Cash Out Refinance
Loan Type
Permanent Loan
Loan Term
10-Year Term, 30-Year Amortization After 3 Years of Interest Only
Highlights
Refinance of a 365,000 SF industrial building located in Newport News, Virginia, near the Port of Virginia, which is one of the busiest ports in the United States.
Fully occupied at the time of closing, with nearly 90% of the space leased to investment-grade tenancy.
Loan structured with a three-year interest-only period
