|
|
8/25/26
|
A 151.4k sf, multi-tenant industrial property located in Colorado Springs, CO was refinanced with a new loan for $12.6 mil. Built in 1979, the property was financed through a national bank, with a 10-year term and 30-year amortization schedule.
Slatt Capital's John Richert, Principal, and Jay Richert, Vice President, led the transaction on behalf of the borrower. According to Jay Richert, the financing locked in a low, long-term rate of 5.90% fixed for 10 years and included significant cash-out proceeds for further investment.
The transaction reflects continued lender appetite for well-located, multi-tenant industrial assets, with borrowers taking advantage of favorable terms to both refinance existing debt and free up capital for future acquisitions, per Slatt Capital.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
