Brennan Investment Group And Farallon Capital Secure $252.5M Refinance For Lower Terra Industrial Portfolio
100 Paragon Drive
$252,500,000
Building Size
—
Asset Type
Industrial
Closing
Jul 1, 2025
AI
The asset involved in this transaction is an industrial portfolio encompassing a total of 3,600,000 square feet located across the United States. The refinancing loan amount secured for the portfolio is $252,500,000.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $252,500,000
- Asset Size: 3,600,000 SF
- Address: Industrial Portfolio
- Market: United States
- Landlord: Michael Brennan - Brennan Investment Group & Farallon Capital
- Broker: Lucas Borges, Matthew Schoenfeldt & Tara Hagerty - JLL
- Loan Type: Refinance
The transaction was facilitated by Apollo affiliates, providing financing for the 21-property Lower Terra Industrial Portfolio. This portfolio spans 17 markets across the country, showcasing the collaboration between Brennan Investment Group and Farallon Capital.
Players
Rochester Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93