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20 Front Street

Upper North Group Secures $6 Million Refinance Loan From Castellan & Reign Funding For Industrial Asset
FINANCEDIndustrial

Upper North Group Secures $6 Million Refinance Loan From Castellan & Reign Funding For Industrial Asset

20 Front Street

$6,000,000

Building Size

Asset Type

Industrial

Closing

Aug 12, 2025

AI

The property asset involved is located at 20 Front Street in Bally, PA. This industrial asset is associated with a loan amount of $6,000,000, which is a refinance transaction with Castellan & Reign Funding acting as the lender.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,000,000
  • Address: 20 Front Street
  • Market: Bally, PA
  • Lender: Castellan & Reign Funding
  • Landlord: Upper North Group
  • Landlord's Representative: Morris Betesh & Jack McPhail - Arrow Real Estate Advisors
  • Loan Type: Refinance

The key individuals involved in this transaction include Morris Betesh and Jack McPhail, who represent Upper North Group in this deal through their role at Arrow Real Estate Advisors.

Players

Morris Betesh

Arrow Real Estate Advisors

Broker

$12.6B

vol

219 deals

Broker
Arrow Real Estate Advisors
Arrow Real Estate AdvisorsBrokerage

Womelsdorf Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93