Thorofare Capital Provides $12.1 Million Loan For Avondale Logistics Center Construction Financing

The property asset involved is a 86,372-square-foot industrial facility located at 725 North Elesio C Felix Jr Way in Avondale, AZ. The construction financing secured for this asset amounts to $12,095,000. The property is designed for industrial operations, including warehousing and distribution.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $12,095,000
• Market: Avondale, AZ
• Loan Type: Construction
• Loan Terms: Two-year construction loan with fully capitalized TI/LC holdback and a flexible prepayment structure.
• Lender: Thorofare Capital
• Broker: Frank Montalto - IPA Capital Markets (Marcus & Millichap)

This transaction was facilitated by Frank Montalto of IPA Capital Markets, representing the interests of the parties involved. The arrangement includes financing specifically tailored for supporting the development of the Avondale Logistics Center, ensuring necessary capital is available for construction and associated costs.