Finance O Indiana

NorthPoint Capital closes $65 million loan for industrial portfolio in Indiana, Tennessee

  

NorthPoint Capital Funding recently secured a $65.5 million loan on behalf of Holladay Properties for a 15-property industrial portfolio in Indiana and Tennessee.

The assets, located in South Bend and Portage, Indiana, and Nashville, Tennesssee, include more than 1.3 million rentable square feet. They include a mix of 36 tenants spanning a variety of ditribution, manufacturing and other light industrial uses.

The loan allowed the borrower to retire multiple bank loans while forming a new entity that can be used to guarantee the financing of future development projects.

Mark Perkowski with NorthPoint Capital originated the loan.