Adam Dickert, Dan Salonis & Roy Pascal Acquire 143,000 SF Industrial Property In Wyomissing, PA With $8.8M Acquisition Loan From Progress Capital | 220 North Park Road | Caillin Boles, Kathy Anderson | Industrial | Loan

Summary

Loan

PENNSYLVANIA

Industrial

143,000 sqft

The industrial property located at 220 North Park Road in Wyomissing, PA, with a total area of 143,000 square feet, was recently involved in a loan transaction.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $8,800,000
Loan Type: Acquisition
Loan Terms: 75% LTV, 12-months I/O, 10-Year Term/25-Year Amortization

The landlord of the property, Adam Dickert, Dan Salonis, and Roy Pascal, sought the assistance of brokers Kathy Anderson and Caillin Boles from Progress Capital in securing the loan.

Note: The article does not provide any further details regarding the transaction.

Players

All
3

Agents
2
Agencies
1

$15.1M Sold

$99.2M Sold

Details

Deal Summary

FINANCED

IMAGE: Adam Dickert, Caillin Boles, Kathy Anderson, Roy Pascal & Dan Salonis DATE: 06/09/2023 ADDRESS: 220 North Park Road MARKET: Wyomissing, PA ASSET TYPE: Industrial ~ SF: 143,000 LANDLORD: Adam Dickert (@PRP.US), Dan Salonis (@DanSalonis_PRP) & Roy Pascal (@CommerceParkInvestors) BROKERS: Kathy Anderson (@Money.Girl.Kathy) & Caillin Boles (@CBoles21) - Progress Capital (@Progress.Capital) LOAN AMOUNT: $8,800,000 LOAN TYPE: Acquisition LOAN TERMS: 75% LTV, 12-months I/O, 10-Year Term/25-Year Amortization

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Address220 North Park Road

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