Orrstown Bank Provides $6 Million Refinance Loan For Industrial Property In Middle River MD

The asset involved in this transaction is an industrial property located at 9714-9720 Pulaski Highway in Middle River, MD. The transaction includes a refinance loan amounting to $6,000,000 with a fixed rate provided for a duration of 5 years.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,000,000
• Lender: Orrstown Bank
• Broker: Gabe Icikson - Meridian Capital Group
• Loan Type: Refinance
• Loan Terms: 5 years fixed rate

This transaction was facilitated by Gabe Icikson, who represents Meridian Capital Group in the deal. A notable aspect of the financing arrangement is the utilization of a swap agreement, which enabled the borrower to achieve a favorable interest rate.