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Lightstone Group Secures $14.4M Loan For Industrial Property On Forest Lane In Garland

4040 Forest Lane
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This Industrial property located in TX received a loan of $14,400,000 about 3 years ago.

The industrial property located at 4040 Forest Lane in Garland recently underwent a closed transaction. The property spans an impressive 649,361 square feet, making it a significant asset in the area.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $14,400,000
  • Date: 02/02/2021
  • Address: 4040 Forest Lane
  • Market: Garland
  • Asset Type: Industrial
  • Square Footage: 649,361

The borrower, Lightstone Group, represented by David Lichtenstein, successfully secured a loan for the property. The lender, RGA Reinsurance Co., provided a seven-year fixed-rate loan in the amount of $14,400,000. JLL Capital Markets acted as the broker in this transaction.

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Deals
  • Location
    4040 Forest Lane, Garland, TX, USA4040 Forest Lane, Garland, TX, USA
  • Loan Value
    $14,400,000$14,400,000
  • Asset Type
    IndustrialIndustrial

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Deal Summary

LOAN IMAGE: David Lichtenstein DATE: 02/02/2021 ADDRESS: 4040 Forest Lane MARKET: Garland ASSET TYPE: Industrial SF: 649,361 BORROWER: Lightstone Group - David Lichtenstein LENDER: RGA Reinsurance Co. BROKER: JLL Capital Markets LOAN AMOUNT: $14,400,000 LOAN TERMS: Seven-year, fixed-rate loan

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