CRE Florida Partners Capital MarketsĀ is proud to announce the successful closing and funding of a first mortgage loan collateralized by aĀ Ā±42,000-square foot single-tenant/owner-user industrial warehouse property located in Boynton Beach.
The $2.5 million loan was made at a 48% loan-to-value ratio and contained a 10-year term with a 25-year amortization schedule.Ā The loan was procured and placed byĀ Greg Laskody, CCIM, and was ultimately closed by a local private bank that will portfolio the loan on its balance sheet.
CRE Florida PartnersĀ (CRE)Ā is a full-service commercial real estate company based in Boca Raton, Florida.
CREās Managing PartnerĀ Michael RauchĀ commented, āDebt placement is becoming a critical component for our clients in this very competitive lending market. Having the ability to source full-service solutions is critical to our clientsā success.ā