Hebron Savings Bank Provides $6.21M Refinance Loan For Salisbury Industrial Property

The industrial property located at 300 Moss Hill Lane in Salisbury, MD, spans 200,000 square feet. The loan for this asset was refinanced for $6,212,500 with a loan type of Refinance. The terms of the loan include a 75% loan-to-value ratio, a 5-year fixed rate, and no prepayment penalty. Hebron Savings Bank provided the financing, and the broker involved in the deal was Abe Mann from Mann Capital Advisors.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,212,500
• Address: 300 Moss Hill Lane
• Market: Salisbury, MD
• Loan Terms: 75% LTV, 5 Years Fixed, No Prepay
• Lender: Hebron Savings Bank
• Broker: Abe Mann - Mann Capital Advisors

Abe Mann from Mann Capital Advisors represented the deal as the broker between the lender, Hebron Savings Bank, and the parties involved in the refinancing transaction. The loan agreement, with its favorable terms and conditions, showcases a successful financial arrangement within the commercial property market.