Eastern Union Arranges $17.9M Acquisition Financing for Industrial Portfolio in Iowa

The portfolio includes four automobile parts manufacturing facilities.

IOWA — Eastern Union has arranged $17.9 million in acquisition financing for the Magna International portfolio, a collection of four automobile parts manufacturing facilities spanning 600,000 square feet throughout Iowa. Toronto-based Granite REIT America sold the portfolio to New York-based Beau Pere Real Estate LLC. Abe Kolman of Eastern Union arranged two loans with Bank of the West. The loan-to-value ratio was 75 percent.

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

Related News