BMO Provides $45 Million Recapitalization Loan For Berkeley And Invesco's Industrial Property In Norwood

The property involved in this transaction is an industrial asset located at 244 Vanderbilt Avenue in the Norwood market. The loan amount secured for this asset is $45,000,000.00, with the transaction classified as a recapitalization.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $45,000,000.00
• Loan Type: Recapitalization
• Address: 244 Vanderbilt Avenue
• Market: Norwood
• Lender: BMO
• Landlord: Berkeley and Invesco
• Brokers: Michael (Mike) Restivo (JLL), Andrew Gray (JLL), David Coffman (JLL), Alison (Ali) Howard (JLL), Brett Paulsrud (JLL), Hugh Doherty (JLL)

The transaction involved multiple representatives from JLL, contributing to the brokerage efforts for the landlords Berkeley and Invesco. Their expertise facilitated the recapitalization of the property, highlighting a collaborative effort in handling the deal.