Updated Oct 7, 2026
Briar Meads Capital Secures $24 Million Refinance Loan From Voya Investment Management For Industrial Asset
4676 Erie Avenue Southwest
$24,000,000
$39/SF
Building Size
602,840 SF
Asset Type
Industrial
Closing
Sep 25, 2026
About this deal
AI
The asset involved in this transaction is an industrial property located at 4676 Erie Avenue Southwest in Navarre, featuring a square footage of 602,840. The refinancing loan is for a total amount of $24,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $24,000,000
- Lender: Voya Investment Management
- Borrower: Briar Meads Capital
- Brokers: Lucas Borges, Peter Rotchford & Christian Johnston - JLL
- Loan Type: Refinance
The deal involves the representation of Briar Meads Capital by brokers Lucas Borges, Peter Rotchford, and Christian Johnston from JLL, who facilitated the refinancing process for the industrial asset.
On the Map
$24,000,000
$39/SF
Industrial
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Players
Navarre 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93