Fed One Secures $27.5 Million Refinance From Reinsurance Group Of America For Industrial Facility

Fed One has secured a refinancing loan of $27.5 million from Reinsurance Group of America for an industrial facility located at 3330 Alum Creek Drive in Columbus, Ohio. This property encompasses 461,700 square feet and spans across 27 acres. The refinancing replaces a previous loan of $28.5 million from Civista Bank obtained in 2022. The facility is currently leased to Specialized Bicycle Components. The new permanent loan is set to mature in September 2033.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $27,500,000
• Asset Address: 3330 Alum Creek Drive
• Market: Columbus, OH
• Square Footage: 461,700
• Acres: 27
• Lender: Reinsurance Group of America
• Landlord: Fed One
• Previous Loan Amount: $28,500,000
• Previous Lender: Civista Bank
• Leaseholder: Specialized Bicycle Components
• Loan Maturity: September 2033

This transaction highlights the involvement of Fed One as the landlord and Reinsurance Group of America as the lender in this significant refinancing deal. This strategic financial move enables the landlord to capitalize on the current lease agreement with Specialized Bicycle Components, ensuring operational continuity at the industrial facility.