Brief
Foss Real Estate Arranges $7M in Bridge Financing for Arlington Industrial Property
ARLINGTON, TEXAS — Local financial intermediary Foss Real Estate Partners has arranged $7 million in bridge financing for Oakhollow Business Park, an 84,469-square-foot industrial property in Arlingto
Summary
ARLINGTON, TEXAS — Local financial intermediary Foss Real Estate Partners has arranged $7 million in bridge financing for Oakhollow Business Park, an 84,469-square-foot industrial property in Arlington.
According to a property brochure on LoopNet Inc.
, Oakhollow Business Park was built on a 5.5-acre site in 1984 and renovated in 2020. The loan was structured with a 70 percent loan-to-cost ratio and a fixed interest rate of 6.5 percent. The borrower and direct lender were not disclosed. The pos
Source
- REBusinessOnlinerebusinessonline.com
