IPA Capital Markets arranged $50 million in financing for an 18-property industrial portfolio across Texas, Oklahoma and Georgia.
Managing Director Frank Montalto and Director Ethan Splan, both in the Chicago office, closed the transaction. The non-recourse loan carries a five-year term, a 70% loan-to-value ratio, a 6.75% interest rate and interest-only payments throughout the loan term.
Montalto said the financing reflects continued strength of well-located industrial assets and durable lender demand for stabilized portfolios with strong fundamentals. He said the firm secured non-recourse financing with competitive leverage and pricing that supports the sponsor's long-term business plan across these markets.
In January, Montalto and Splan also arranged $96.7 million in financing for three industrial properties in Rockford, Illinois.