Snowball Developments Secures $9.5 Million Refinance Loan For Industrial Facility In South Windsor

The asset involved in this transaction is a fully leased 115,800-square-foot industrial facility located at 555 Nutmeg Road in South Windsor, Connecticut. The property is owned by Snowball Developments, which recently secured a refinance loan. The total loan amount reached $9.5 million with a five-year fixed-rate term, providing the necessary capital for this industrial asset.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,500,000
• Loan Type: Refinance
• Loan Terms: Five-year, fixed-rate loan
• Landlord: Snowball Developments
• Brokers: Max Custer, Ryan Carroll & Michael Donohoe - JLL
• Market: South Windsor, CT

This refinancing deal involved notable representation by brokers Max Custer, Ryan Carroll, and Michael Donohoe from JLL. Their expertise facilitated Snowball Developments' transaction with a life insurance company, ensuring the smooth processing of the refinance for the industrial property.