180,000-SF Industrial Property Opens in Nashua, N.H.
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It had backed $28.7 million of debt that originally was provided by Superior Bank of Birmingham, Ala., which failed in April 2011. The loan was then taken over by Cadence. The sale was financed with a $6.5 million mortgage from ...
CBRE Capital Markets and the Federal Home Loan Mortgage Corp. provided $31.7 million of debt to facilitate the sale.
A $20 million loan, with a 10-year term, was used to facilitate the sale.
The deal also includes a restaurant with about 3,600 sf.
Beech Street Capital arranged $21.68 million of financing for the property.
92 percent leased. As part of the deal, Morguard also acquired 22,000 sf of ground leases for outparcels at the center. Those are occupied by PNC Bank, RBC Bank, Red Lobster and Pollo Campero.
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