New York Life Insurance Co. Provides $74.9M Loan For Industrial Property In Coral Springs

The industrial property located at 4100, 4150, 4250, and 4270 Coral Ridge Drive in Coral Springs has recently been involved in a loan transaction. The loan was secured from New York Life Insurance Co. for a total amount of $74,900,000. The property, owned by Exeter Property Group represented by Ward J. Fitzgerald III, is situated in the Coral Springs market.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $74,900,000
• Address: 4100, 4150, 4250, & 4270 Coral Ridge Drive
• Market: Coral Springs

In this loan transaction, New York Life Insurance Co. acted as the lender, providing the necessary funds. Exeter Property Group, represented by Ward J. Fitzgerald III, served as the landlord in the deal. The loan agreement was finalized on December 2, 2020.