A Miami-based landlord got a $26.5 million loan to refinance of a six-property industrial portfolio in Jacksonville, Orlando, Tampa and the Miami-Fort Lauderdale area.
The Federated Companies of Miami got a 10-year, fixed-rate loan from a national insurance company to refinance debt on the portfolio.
The portfolio comprises six buildings with about 600,000 square feet of fully occupied industrial space.
Holliday Fenoglio Fowler, L.P. (HFF) arranged the $26.5 million loan on behalf of The Federated Companies.
The HFF debt placement team that represented the borrower included senior director Scott Wadler and analyst Celine Comeau.
The Federated Companies, a national real estate investment group, engages in the acquisition, development, construction and management of commercial real estate and apartment properties. – Mike Seemuth