TH Commercial Investment Corp Funds $15.2M Loan For Industrial Property In Ridgewood

The Box Factory, located at 1519 Decatur St in Queens, NY 11385, is an industrial property currently undergoing redevelopment into a 65,837-square-foot office and entertainment complex. Hornig Capital Partners secured a $15.2 million loan from TH Commercial Investment Corp to refinance construction debt and further enhance the property. Mission Capital Advisors, represented by Lexington Henn, facilitated the financing for the project led by Brickman Real Estate and Hornig Capital Partners, with construction commencing in 2018.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $15,200,000.00
• Market: Ridgewood
• Borrower: Hornig Capital Partners
• Lender: TH Commercial Investment Corp
• Borrower's Rep: Lexington Henn (Institutional Property Advisors)

Jonathan More and Ari Hirt from Mission Capital, in addition to Lexington Henn, played crucial roles in arranging the $15.2 million loan. Pine River provided the financing for The Box Factory's redevelopment, ensuring that the project's construction could progress as planned.