FINANCED
Barings Provides $135M Construction Loan For 750K SF Industrial Property In Philadelphia
5000 Richmond
Industrial
750,000 SF
750,000 SF
Financed 304 days ago
Summary
Loan
PENNSYLVANIA
Industrial
750,000 sqft
An industrial property located at 5000 Richmond in Philadelphia has recently undergone a closed loan transaction. The property spans 750,000 square feet and is owned by DH Property Holdings, represented by Dov Hertz and Aaron Malitzky. The transaction was facilitated by Barings as the lender.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $135,000,000
- Address: 5000 Richmond, Philadelphia
- Market: Philadelphia
In this transaction, Walker & Dunlop represented the landlord, DH Property Holdings. The broker team included Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Mo Beler, Michael Diaz, and Michael Ianno. The loan, amounting to $135,000,000, was of the construction type.
Players
All
8
Agents
7
Agencies
1
Details
FINANCED
IMAGE: Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Mo Beler, Michael Diaz & Michael Ianno
DATE: 06/23/2023
ADDRESS: 5000 Richmond
MARKET: Philadelphia
ASSET TYPE: Industrial ~ SF:750,000
LENDER: Barings
LANDLORD: DH Property Holdings - Dov Hertz & Aaron Malitzky
BROKERS: Aaron Appel, Jonathan Schwartz (@JSchwa1386), Keith Kurland (@KaKurland), Adam Schwartz (@AdamSchwartz88), Mo Beler, Michael Diaz & Michael Ianno (@Mianno20) - Walker & Dunlop (@WalkerDunlop)
LOAN AMOUNT: $135,000,000
LOAN TYPE: ConstructionView on map
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Address5000 Richmond
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