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Debt & Equity

Berkadia arranges $45M Citigroup loan for industrial portfolio

Berkadia $45 million financing for Powers Industrial Portfolio, an industrial property in Danbury, Connecticut.

Managing director Yuri Kletsman, of the New York office, secured the permanent refinancing through Citigroup on behalf of Delaware Commerce Park, LLC.

The 10-year loan features a 6.40 percent fixed interest rate blended between a senior and mezzanine loan structure. It also features an 80 percent loan-to-value ratio.

The portfolio is a mix of industrial and warehouse buildings.

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