Property: Commercial light-industrial flex (single tenant)
Deal Type: Acquisition
Loan Amount: $1,522,500
This deal was a 5-year mortgage loan with a 30-year amortization. The property is a 14,122 sf commercial industrial flex building located in Newington, Connecticut, and is 100% occupied by one long-term (20 years) credit tenant, Ferguson PLC.
Stronghill Capital was able to meet the borrower’s timeline by
closing in less than 30 days, which provided them with the funds to
grow their commercial real estate investment portfolio.