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FINANCED

Barings Provides $135M Construction Loan For 750K SF Industrial Property In Philadelphia

5000 Richmond

Industrial
750,000 SF
clock iconFinanced 354 days ago
Mo Beler
Michael Ianno
Michael Diaz
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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

    9

  • Agents

    7

  • Agencies

    1

  • Lenders

    1

Mo Beler's profile picture
Mo Beler
Walker & Dunlop-image
Senior Managing Director
$111.8M Sold
Michael Ianno's profile picture
Michael Diaz's profile picture
Jonathan Schwartz's profile picture

Details

Deal Summary
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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: Construction

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Address5000 Richmond

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