REBusinessOnline

Red Oak Provides Acquisition Loan for 473,000 SF Industrial Building in Wichita Falls, Texas

WICHITA FALLS, TEXAS — Red Oak Financial, a Michigan-based lender, has provided an $8.1 million acquisition loan for a 473,000-square-foot industrial building in Wichita Falls, about 140 miles northwest of Dallas. The rail-served property sits on 97 acres and consists of two buildings totaling 350,000 and 123,000 square feet. Combined, the buildings offer 20,000 square feet of office space, as well as 45-foot clear heights, 12 dock doors and 621 parking spaces. The borrower, an affiliate of Panda Biotech, plans to implement a $47 million renovation program.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties