Plano Industrial

$12,000,000 Industrial Loan from Private Money

City: Plano, TX
Loan amount: $12,000,000
Lender type: Private Money
Property type: Industrial
Size: 140,000 SF

Transaction description

Michael Warner of PSRS provided consulting services to arrange the $12 million bridge loan to refinance the maturing debt of a 140,000 SF industrial flex building in Plano, TX. The 2-tenant property had a maturing lease in one year for the majority tenant occupying 80% of the space. Financed with a private money source that provided the borrower cash out, non-recourse financing, with a 2-year loan term and interest-only payments.

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