JLL Secures $10.43M Refinance Loan For Sanctuary Business Center In Blaine

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.