Life Insurance Company Provides $17.3M Loan For Acquisition Of Industrial Warehouse In Doral

An industrial warehouse located at 6950 NW 77th Court in Doral was recently involved in a property transaction. The deal took the form of an acquisition, with the buyer securing a loan from a life insurance company. The loan amount was $17,300,000, and the terms of the loan spanned 7 years. The property is owned by Ivy Realty, represented by Drew Dewitt and David Archibald. Melissa Rose of an undisclosed agency acted as the broker in the transaction.

Summary of transaction details

• Property Type: Industrial Warehouse
• Transaction Amount: $17,300,000
• Address: 6950 NW 77th Court, Doral
• Market: Doral

Drew Dewitt and David Archibald of Ivy Realty were the landlords in this transaction, while Melissa Rose acted as the broker. The deal was made possible through a loan obtained from a life insurance company, which provided $17,300,000 over a period of 7 years. The specific terms and conditions of the loan were not disclosed in the available information.