Metro Credit Union Provides $20.4M Loan For Industrial Property Acquisition In Peabody, MA

The industrial property located at 1 2nd St in Peabody, MA has been involved in a recent closed transaction. The property spans a total of 157,293 square feet and falls under the industrial asset type category.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $20,360,000
• Date: 06/06/2022
• Lender: Metro Credit Union
• Landlord: Oliver Street Capital & Bain Capital Real Estate
• Brokers: Brett Paulsrud & Amy Lousararian - JLL

The loan provided for this transaction was an acquisition financing arrangement. The borrowing party was able to secure a loan amount of $20,360,000 from Metro Credit Union. Broker representatives, Brett Paulsrud and Amy Lousararian from JLL, facilitated the deal on behalf of the involved parties.