MidCap Financial Provides $5.1M Acquisition Loan for Industrial Facility in Mount Laurel, N.J.

MOUNT LAUREL, N.J. — MidCap Financial has provided a $5.1 million acquisition loan for a 112,000-square-foot multi-tenant industrial property in Mount Laurel, just east of Philadelphia. MidCap provided Burton Real Estate with $5.1 million in floating-rate financing for the $6.3 million acquisition of the property. Other loan terms were not disclosed. Mike Klein of HFF’s New York office arranged the transaction.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.

Related News