Rialto Capital Provides $118.5 Million Refinance Loan For 5000 Richmond Street In Philadelphia

The property involved in this transaction is an industrial asset located at 5000 Richmond Street in the Philadelphia market. The asset spans 760,000 square feet and is part of a refinancing loan worth $118,500,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $118,500,000
• Loan Type: Refinance
• Lender: Rialto Capital
• Landlord: Aaron Malitzky - Kadima Industrial Partners; Daniel Belecen - Elion Partners
• Brokers: Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Dustin Stolly, Sean Reimer, Michael Ianno, Stanley Cayre, and Michael Diaz - Walker & Dunlop

The transaction features involvement from key representatives in the real estate industry, including Aaron Malitzky and Daniel Belecen representing the landlords. The broker team from Walker & Dunlop is composed of several professionals, reflecting a collaborative effort in facilitating the refinancing of this significant industrial property.