LMF Commercial Provides Acquisition Loan For Industrial Asset In Forney Totaling $9.5M
Texas
See Similar DealsLMF Commercial Provides Acquisition Loan For Industrial Asset In Forney Totaling $9.5M
12950 Fm 1641
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The property asset involved in this transaction is an industrial asset located at 12950 Fm 1641 in Forney, covering a total square footage of 111,000. The financing for this acquisition was provided by LMF Commercial, a notable lender in the commercial real estate sector.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Loan Type: Acquisition
- Loan Terms: 5 Years IO
- Lender: LMF Commercial - Michael Fogel
Michael Fogel represents LMF Commercial in this transaction, a lender that specializes in originating non-recourse, long-term, fixed-rate loans secured by income-producing commercial and multifamily properties across the United States. LMF has a strong track record, having originated over $13 billion in loans since its inception in 2013, and operates as a wholly owned subsidiary of Lennar, a leading home builder in the U.S.
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