Gardner Tanenbaum Secures $48.4 Million Loan For Britton Commerce Center In Oklahoma City

The asset involved in this transaction is a fully leased industrial property located at 8401 North I-35 Service Road in Oklahoma City, OK, encompassing 560,000 square feet. The transaction involved a refinancing loan amounting to $48,400,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $48,400,000
• Loan Terms: Five-year term, fixed interest rate of 5.76 percent, 30-year amortization schedule, and 24 months of interest-only payments.
• Landlord: Gardner Tanenbaum
• Brokers: Sunny Sajnani & Travis Headapohl - Marcus & Millichap

Institutional Property Advisors (IPA) facilitated the refinancing through an undisclosed credit union, ensuring favorable loan terms for the property, which enhances its investment profile in the market.