Updated Mar 3, 2026
Criterion Group & Columba Pacific Advisors Secures $132.3M Floating Rate Loan For U.S Industrial Service Facility
U.S
$132,336,000
Building Size
—
Asset Type
Industrial
Closing
Jun 30, 2023
About this deal
AI
An industrial service facility located within the portfolio has been involved in a closed loan transaction. The property is situated in the U.S market.
Summary of transaction details
- Property Type: Industrial Service Facility
- Transaction Amount: $132,336,000
- Lender: Axos Bank
- Landlord: Criterion Group & Columba Pacific Advisors
- Brokers: Christopher Peck, Peter Rotchford & Christopher Pratt - JLL
- Loan Type: Floating rate
Axos Bankprovided a floating rate loan amounting to $132,336,000 for the industrial service facility within the portfolio. The deal was facilitated by brokers Christopher Peck, Peter Rotchford, and Christopher Pratt from JLL. The landlords involved in the transaction are Criterion Group and Columba Pacific Advisors.
Players
New York 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93