A10 Capital Closes $55.64 Million Refinance Loan For Industrial Facility In Martinsburg, WV

A10 Capital recently closed a $55,640,000 floating-rate bridge loan to refinance a newly constructed ±830,000 SF Class A industrial facility in Martinsburg, West Virginia. The asset reflects strong confidence in the fundamentals of the location, which is situated on the outer edge of the Washington, DC metro area and represents a growth market. The loan is structured as a 2-year bridge with the possibility of three 1-year extensions, necessitating thorough market-level underwriting.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $55,640,000
• Loan Type: Refinance
• Loan Terms: 2-year bridge, 3 x 1-Year Extensions
• Square Footage: 830,000
• Lender: A10 Capital
• Landlord's Rep: TJ Sullivan - Cushman & Wakefield

The transaction involved key players such as Liam Delaney, Jerry Dunn, and Jamie Berenger, who were instrumental in facilitating this significant financing deal. Their collective efforts were crucial in addressing the demands of deep market-level underwriting, supported by institutional sponsorship.