Varde Mortgage Capital Provides $17M Refinance Loan For Industrial Asset In Philadelphia

The property asset involved in this transaction is an industrial space located at 1309 Noble Street in Philadelphia, PA. The asset encompasses a total square footage of 226,800 and is part of the local industrial market. The loan amount for this asset is $17,000,000 and it is categorized as a refinance loan.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $17,000,000
• Loan Type: Refinance
• Lender: Varde Mortgage Capital
• Broker: Andrew Liebhard - Meridian Capital Group
• Date of Transaction: 10/30/2024

Key individuals or companies involved in the transaction include Varde Mortgage Capital, the lender providing the financing for the deal, and Andrew Liebhard from Meridian Capital Group, who acted as the broker representing the transaction.