Ricardo Cardoso's Blacktop Industrial Trust Secures $33.36M Loan From Ladder Capital For Industrial Asset

The asset involved in this transaction is Rosslyn Business Park located at 12221 North Houston Rosslyn Road in Houston. This industrial property spans 337,705 square feet and is fully leased. The loan secured for the acquisition was $33.36 million, provided by Ladder Capital Finance.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $33,360,000
• Lender: Ladder Capital
• Landlord: Ricardo Cardoso - Blacktop Industrial Trust
• Broker: Jack Britton - JLL
• Loan Type: Acquisition

The financing for this acquisition was arranged by Jack Britton from JLL Capital Markets, who played a critical role in facilitating the deal for Blacktop Industrial Trust. The transaction highlights the involvement of key individuals and companies essential to the successful funding of the property.