Mitchell Partners Group Secures $4.2M Construction Loan From AMBK For Industrial Asset In Allentown

The property asset involved in this transaction is an industrial space located at 2330 26th Street Southwest & 2591 Mitchell Avenue in the Allentown market. The asset encompasses a total of 65,000 square feet and is associated with a loan amount of $4,200,000 for construction, structured over a term of 5 years.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,200,000
• Lender: AMBK
• Landlord: Mitchell Partners Group
• Broker: Tzvi Balsam - The Leopard Group

This transaction features Tzvi Balsam, representing Mitchell Partners Group as the broker in the deal. The focus of the construction loan is to facilitate development within the target industrial space, aligning with the strategic objectives of the landlord and lender.