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1200 South Congress Avenue

TD Bank Provides $18.5 Million Refinance Loan For Industrial Asset In Palm Beach County
FINANCEDIndustrial

TD Bank Provides $18.5 Million Refinance Loan For Industrial Asset In Palm Beach County

1200 South Congress Avenue

$18,500,000

Building Size

Asset Type

Industrial

Closing

Jan 7, 2026

AI

This transaction involves an industrial asset located at 1200 South Congress Avenue in Palm Beach County, covering an area of 14.7 acres. The loan amount for this refinance transaction is $18,500,000, facilitated by TD Bank.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $18,500,000
  • Address: 1200 South Congress Avenue
  • Market: Palm Beach County
  • Lender: TD Bank
  • Landlord: Jon Samuel - Midtown Group
  • Broker: Benjamin Stein - Metropolis Capital Advisors
  • Loan Type: Refinance

Benjamin Stein from Metropolis Capital Advisors played a key role in securing the financial package for this transaction, highlighting strong banking relationships in the process. A note from the broker expresses appreciation for client trust and congratulates all parties involved in the deal.

Players

Benjamin Stein

Metropolis Capital Advisors

Broker

$52.1M

vol

4 deals

Broker
Metropolis Capital Advisors
Metropolis Capital AdvisorsBrokerage
TD Bank
TD BankLender

West Palm Beach Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.86%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93