Connect One Bank Provides $39.6M Loan For Industrial Property In Lancaster, PA

An industrial property located in Lancaster, PA was recently involved in a closed transaction. The loan for this property was provided by Connect One Bank, represented by Welmo Coca. The transaction was facilitated by the GPARENCY Team.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $39,600,000
• Loan Terms: Rate: 4.1%, 5-year fixed term, 30-year amortization
• Loan Date: 06/24/2022
• Market: Lancaster, PA

Welmo Coca from Connect One Bank played a crucial role in providing the loan for this industrial property in Lancaster, PA. The GPARENCY Team acted as the brokers in this transaction.

As a GPARENCY member, the syndicator only paid $4,000 in financing fees.