LMF Commercial Provides Acquisition Loan For Industrial Asset In Forney Totaling $9.5M

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.