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
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