JLL Capital Markets Secures $10 Million Loan For Frassetto Companies' Warehouse In Montgomery

The asset involved in this transaction is an industrial property located at 18 Leonards Drive in Montgomery, New York. It encompasses a total square footage of 80,260 and is owned by Frassetto Companies. The loan amount secured for this newly constructed warehouse is $10,000,000 with fixed-rate and twelve-year loan terms.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $10,000,000
• Asset Size: 80,260 SF
• Address: 18 Leonards Drive
• Market: Montgomery
• Landlord: Frassetto Companies
• Brokers: Max Custer & Michael Klein - JLL
• Loan Terms: fixed-rate, twelve-year loan

JLL Capital Markets played a crucial role in this transaction by securing the financing for Frassetto Companies. The brokerage team comprised of Max Custer and Michael Klein facilitated the process, ensuring the closure of the loan to support the industrial asset development at the specified location.