CRE Florida Partners Capital Markets is proud to announce the successful closing and funding of a first mortgage loan collateralized by a ±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. The loan was procured and placed by Greg Laskody, CCIM, and was ultimately closed by a local private bank that will portfolio the loan on its balance sheet.
CRE Florida Partners (CRE) is a full-service commercial real estate company based in Boca Raton, Florida.
CRE’s Managing Partner Michael Rauch commented, “Debt 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 clients’ success.”