Faropoint Refinances Industrial Portfolio With $112.5M Loan From Apollo's Christine Boyd

The Industrial Portfolio consists of logistics assets across various markets including South Florida, Chicago, Cincinnati, Dallas-Fort Worth, New Jersey, Long Island, and Philadelphia. The total square footage of the portfolio is 2,970,000, with properties located in strategic areas to cater to the logistics and distribution needs of the respective regions.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $112,500,000
• Address: Industrial Portfolio
• Market: South Florida, Chicago, Cincinnati, Dallas-Fort Worth, New Jersey, Long Island, & Philadelphia

Faropoint, led by landlord Idan Tzur, secured a $112.5 million refinance loan from Christine Boyd of Apollo Global Management. The loan, facilitated by Joshua Mayers from KeyBank Real Estate Capital, will be used to refinance logistics assets, including properties in West Palm Beach. This strategic move aligns with Faropoint's objective of diversifying debt and seizing market opportunities, particularly in expanding its last-mile logistics portfolio.