CIBC Provides $20M Construction Loan For Industrial Property In Medley

A construction loan has been secured for an industrial property located at 11002 NW South River Dr in the Medley market. The property spans 174,348 square feet and is owned by Hilco Redevelopment Partners. The loan, in the amount of $20,000,000, was provided by CIBC. The deal was facilitated by brokers Charles Foschini, Christopher Apone, and Robert Iudice from Berkadia.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $20,000,000
• Address: 11002 NW South River Dr
• Market: Medley
• Asset Type: Industrial
• Square Footage: 174,348
• Lender: CIBC
• Landlord: Hilco Redevelopment Partners
• Brokers: Charles Foschini, Christopher Apone, and Robert Iudice - Berkadia

Charles Foschini, Christopher Apone, and Robert Iudice from Berkadia played a critical role in facilitating this construction loan for the industrial property at 11002 NW South River Dr in Medley. Their expertise and negotiation skills were instrumental in securing the $20,000,000 loan from CIBC, allowing for the development of the property under the ownership of Hilco Redevelopment Partners.