Reich Brothers Secures $53.5 Million Refinance Loan From LoanCore Capital For Huntsville Industrial Facility

An industrial facility located at 646 James Record Road Southwest in Huntsville, Alabama, encompassing 650,000 square feet, has undergone a refinancing transaction. The property is currently leased to Blue Origin, where it is utilized for rocket engine production. A refinancing loan totaling $53.5 million has been secured for this asset.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $53,500,000
• Loan Type: Refinance
• Lender: LoanCore Capital
• Landlord: Jonathan Reich & Adam Reich - Reich Brothers
• Broker Representatives: Chris Lozinak, Christopher Kramer & Jordan Roeschlaub - Newmark

The refinancing deal involves key stakeholders, including Reich Brothers, acting as landlords. LoanCore Capital provided the loan, showcasing the financial backing for the continued operation of the industrial facility. The brokers facilitating this transaction were from Newmark, highlighting their role in managing the details of the refinancing agreement.