Real Estate Weekly
Image default
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.

Related posts

Developer refinances Queens’ tallest tower with $215M loan

REW

Lenders give Broadstone REIT a $1.1 billion show of support

REW

After 18 years, Moinian takes control of 3 Columbus Circle with help of $595M loan

REW