Harborgate Industrial

Loan Amount

$6,450,000

Lender

Correspondent Life Company

Loan Type

Acquisition Financing

Harborgate Industrial is a single tenant industrial building located in Portland, OR. The 70,970 SF building includes 5,367 SF of office buildout located on 6.0 acres. The purchaser assumed the existing loan and therefore retained the lower interest rate for the remainder of the 10 year term combining that with additional funds from a secondary advance co-terminus with the first mortgage.