$4.25 Million Industrial/Office Acquisition Loan

Deal Highlights: This $4.25 Million loan was secure by an assemblage of five industrial/office flex buildings in Franklin, MA (230,000 SF on 18.3 acres of land), which is 25 miles south of Boston. The borrower, who owns one of the leading industrial brokerages in the area, purchased these buildings at a discount from a bankruptcy trustee and intends to sell it in the near future.

Location: Franklin, MA

Loan Amount: $4.25MM

Loan Type: Industrial/Office

Appraised Value: $9.7MM

Interest: 10.5% +2% origination + exit

Term: 8 months + Two, 6-month extensions

LTV: 49.2%

LTC: 75.6%

Guarantees: 1st Lien on Property, Personal Guarantee