Upper North Group Secures $6 Million Refinance Loan From Castellan & Reign Funding For Industrial Asset
FINANCED
Pennsylvania
See Similar DealsIndustrial
Financed 08/13/2025
FINANCED
Upper North Group Secures $6 Million Refinance Loan From Castellan & Reign Funding For Industrial Asset
20 Front Street
See Similar DealsIndustrial
Financed 08/13/2025
Summary
PENNSYLVANIA
Asset Type:Industrial
Transaction Type:Loan
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,000,000.00
Monthly NOI$40,000.00
Monthly Debt Service$37,924.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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