Northbridge Partners Secures $46.33 Million Refinancing From M&T Bank For Industrial Asset In Bay Shore

The property asset involved in this transaction is a 312,591-square-foot warehouse located at 145 Candlewood Road in Bay Shore. This transaction is a refinance deal secured by Northbridge Partners for a total amount of $46,330,000 from M&T Bank.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $46,330,000
• Address: 145 Candlewood Road
• Market: Bay Shore
• Lender: M&T Bank
• Landlord: Northbridge Partners
• Brokers: John Alascio, Chris Meloni, Zarif Hasan, Gary Gabriel, Kyle Schmidt, Ryan Larkin & Seth Zuidema - Cushman & Wakefield
• Loan Type: Refinance

Cushman & Wakefield arranged the refinancing loan, with multiple brokers involved in the transaction, representing Northbridge Partners in securing the necessary financing from M&T Bank.