New York Life Provides $55M Permanent Loan For Industrial Property At 500 Lordship Blvd, Stratford

The industrial property located at 500 Lordship Blvd in Stratford, CT has recently been involved in a closed transaction. The property, owned by Boston-based GFI Partners, secured a permanent loan from New York Life Real Estate Investors. The lender, represented by Yie-Hsin Hung, provided a loan amount of $55,000,000.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $55,000,000
• Address: 500 Lordship Blvd, Stratford, CT

In this deal, the landlord, GFI Partners, sought financing and successfully secured a permanent loan from New York Life Real Estate Investors. The loan, provided by Yie-Hsin Hung, allows the landlord to further develop and manage the industrial property located at 500 Lordship Blvd. This transaction highlights the cooperation between financial institutions and real estate investors in supporting property development and growth.