MDH Partners Expands Frontier Loan With Capital One To $162M
Illinois
See Similar DealsMDH Partners Expands Frontier Loan With Capital One To $162M
Summary
The industrial portfolio acquired by Arun Singh and Michael Loffredo of MDH Partners in Phoenix, Streamwood, Ill., Savannah, Ga., Indianapolis, El Paso, Texas, and Ocala, Fla., received a loan totaling $162,000,000 from Mary Lucy Lester of Capital One. The loan was expanded to cover recent acquisitions in Phoenix and Chicago, supporting over 2.2 million square feet of properties across multiple cities, including developments from MDH's Fund II.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $162,000,000
- Address: Portfolio
- Market: Phoenix; Streamwood, Ill.; Savannah, Ga.; Indianapolis; El Paso, Texas; Ocala, Fla
- Lender: Mary Lucy Lester - Capital One
- Landlord: Arun Singh & Michael Loffredo - MDH Partners
The loan, now at $162 million, was secured to facilitate the expansion of MDH Partners' portfolio through recent acquisitions in Phoenix and Chicago. The Frontier Loan plays a pivotal role in supporting MDH's properties in various cities, marking a significant step in the growth strategy of the company.
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