MRA Group Secures $26 Million Refinance Loan For Life Sciences Project In Wilmington

The asset involved in this transaction is a recently completed lab and R&D building located at 175 Innovation Boulevard in Wilmington, DE. This life sciences project spans 80,000 square feet and has been developed by MRA Group, specializing in life science campuses. A loan amount of $26,000,000 has been secured for refinancing this state-of-the-art facility.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: $26,000,000
• Lender: UBS
• Landlord: MRA Group
• Brokers: Jack Cortese & David Frankel - D2 Capital Advisors
• Loan Type: Refinance

D2 Capital Advisors played a crucial role in this deal by arranging the financing necessary for the property. Jack Cortese and David Frankel acted as brokers in this transaction, facilitating the overall process in the Wilmington market.