FedEx Bozeman

$6,500,000 Industrial Loan from Life Insurance Company

City: Belgrade, Montana
Lender type: Life Insurance Company
Property type: Industrial
Size: 192,762 SF

Transaction description

David Blain of PSRS arranged the $6.5 million acquisition financing of an industrial property in Belgrade, Montana. The subject property consists of a single-tenant distribution warehouse building built to suit FedEx. The distribution warehouse contains 192,762 square feet of gross leasable area situated on a 21.7-acre site. Financed with one of our correspondent life insurance companies, PSRS provided its borrower with a non-recourse loan with a 10-year interest-only term.

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