79
INDIANAPOLIS — Indianapolis-based Duke Realty Corp. has received a loan commitment for $125 million. The loan will carry an interest-only rate of 7.75 percent and a 10-year term. It will be secured by a portfolio of suburban industrial and office properties located in various areas. The loan is expected to close in the third quarter and proceeds will be used to repay near-term debt. Including this financing, Duke has raised more than $900 million in capital this year, consisting of $575 million in common offering proceeds, $281 million in secured financing and $60 million in asset dispositions.