Silverpeak Argentic Provides $4.5M Refinance Loan For Pompano Beach Industrial Property

A 47,664 square foot industrial property located at 400-650 NE 27th Street in Pompano Beach has been refinanced with a $4,500,000 loan. The loan was provided by Silverpeak Argentic and features a 10-year fixed, full-term interest only term at an attractive 3.59% interest rate. The property is owned by Patrick Carney and Jeffrey Pechter of Mindful Capital.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,500,000
• Address: 400-650 NE 27th Street, Pompano Beach
• Loan Type: Refinance
• Lender: Silverpeak Argentic
• Landlord: Patrick Carney & Jeffrey Pechter – Mindful Capital
• Broker: Eric Trombly
• Date: 06/16/2021

The 47,664 square foot industrial property was refinanced through a 10-year fixed, full-term interest only loan with an attractive 3.59% interest rate. The loan was facilitated by Eric Trombly, representing the parties involved in the transaction.