$23 MILLION LOAN ARRANGED FOR INDUSTRIAL PORTFOLIO IN ILLINOIS

by admin

WOODBRIDGE, ILL. — Cohen Financial has assisted Bristol Group in securing a $23 million loan for the refinancing of an industrial portfolio in Bristol's recently developed Wood Hill Crossings Business Park in Woodbridge. The five-building portfolio totals approximately 950,000 square feet and is 88 percent leased as of year-end 2010. Don Trossman of Cohen Financial assisted Bristol Group in securing the fixed-rate, interest-only loan at 45 percent loan-to-value with a 5-year term and a 3.58 percent fixed rate. The lender is Cornerstone Real Estate Advisers, an advisor to Mass Mutual.

You may also like