Redfearn Capital And TPG Secure $150 Million Refinance Loan For Florida Industrial Portfolio

A joint venture between Redfearn Capital and TPG has secured a loan from Prospect Ridge to refinance a 590,895-square-foot Florida industrial portfolio that spans across multiple markets including Miami-Dade County, Orlando, Clearwater, Jacksonville, and Naples. The total loan amount is $150,000,000, which includes an initial component of $80 million and an additional $70 million designated for future acquisitions, supporting the portfolio's ongoing expansion in the Florida industrial sector.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $150,000,000
• Loan Type: Refinance
• Asset Size: 590,895 SF
• Markets: Miami-Dade County, Orlando, Clearwater, Jacksonville, Naples
• Lender: Prospect Ridge
• Landlord: Alex Redfearn - Redfearn Capital; Adam Schwartz & Josh Baumgarten - TPG

This refinancing deal illustrates the collaboration between key stakeholders, particularly highlighting Alex Redfearn's role in representing Redfearn Capital, while Adam Schwartz and Josh Baumgarten represent TPG's interests in the transaction. The involvement of these individuals adds strategic strength to the joint venture as they navigate the competitive landscape of Florida's industrial real estate market.