FINANCED
JLL Secures $10.43M Refinance Loan For Sanctuary Business Center In Blaine
10201 Xylite Street Northeast
Industrial
137,179 SF
137,179 SF
Financed 45 days ago
Summary
Loan
MINNESOTA
Industrial
137,179 sqft
The Sanctuary Business Center, an industrial property located at 10201 Xylite Street Northeast in Blaine, Minnesota, with a size of 137,179 square feet, recently underwent a refinancing transaction. The loan amount of $10,430,000 was secured from Regional Bank by Capital Partners. The loan terms include a five-year period, 65 percent loan-to-value ratio, interest-only payments, and no prepayment penalty.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,430,000
- Market: Blaine, Minnesota
- Lender: Regional Bank
- Landlord: Capital Partners
- Broker: Bill Mork - JLL
JLL Capital Markets played a pivotal role in arranging the $10.43 million financing for the Sanctuary Business Center in Blaine, Minnesota. Bill Mork from JLL represented the interests of the Capital Partners in securing this refinancing deal with Regional Bank, which notably included favorable terms such as a 65% loan-to-value ratio and no prepayment penalty.
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Details
FINANCED
IMAGE: 03/25/2024
ADDRESS: 10201 Xylite Street Northeast
MARKET: Blaine, Minnesota
ASSET TYPE: Industrial ~ SF: 137,179
LENDER: Regional Bank
LANDLORD: Capital Partners
BROKER: Bill Mork - JLL
LOAN AMOUNT: $10,430,000
LOAN TYPE: Refinance
LOAN TERMS: five-year, include 65 percent LTV, interest only and no prepayment penalty
NOTE: JLL Capital Markets secured $10.43 million financing for Sanctuary Business Center in Blaine, Minnesota. The loan, arranged for Capital Partners from Regional Bank, features notable terms including 65% LTV and no prepayment penalty.View on map
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Address10201 Xylite Street Northeast
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