$77,475,000
Transaction Type
Refinance
Loan Type
Bridge Loan
Loan Term
3 Years + 2x1 Year Extensions

Highlights
Refinance of a newly constructed, ~1,000,000 SF, Class A industrial property in the Cleveland MSA.
Modern cross-docked distribution facility featuring institutional-quality specifications.
Property is 40% leased with strong interest in the remaining vacancy.
Loan includes an interest reserve and TI/LC facility to support anticipated lease-up costs through stabilization.
Strategic Northeast Ohio location with access to major Midwest and East Coast markets.
Provided customized loan structure facilitated by detailed local market expertise to enable sponsorship to execute the business plan.