Project Details

 
 

14-building, multi-tenant industrial portfolio

Roughly 800,000 square feet ranging in size from 40,000 sf to 80,000 sf

Class A, newer vintage product

Moderate leverage, long term, fully amortizing fixed rate debt to fit with borrower’s overall business strategy of diligently paying down debt on anywhere from a 12-25 year amortization schedule

Extremely strong sponsorship that owns nearly 13,000,000 square feet of industrial and office product across the Midwest and Sacramento region

Borrower has local market dominance as far as total square footage and location is concerned

A small part of a larger cross-collateralized group of portfolios that allows for collateral substitutions within the portfolio and across other portfolios

Interstate III Portfolio