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
West Palm Beach Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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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