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**Faropoint Secures $273M for Largest Portfolio Refi to Date**
Faropoint, a real estate investment firm specializing in last-mile industrial properties in high-growth, densely populated markets, has secured $273 million in financing for Project Walk-Off. The funding was provided by a bank syndicate led by Capital One and JPMorgan.
The financing covers a portfolio of 61 light/infill industrial properties totaling nearly 3.5 million square feet. These assets are part of Faropoint’s Fund II. This transaction marks the firm’s largest portfolio refinancing to date in terms of asset count, surpassing a 46-asset refinance completed in Fund III in November.
The loan is a two-year, non-recourse facility with three optional 12-month extensions. CBRE facilitated the transaction, with a team led by Tom Traynor, Tom Rugg, Mark Finan, and Henry Fenmore.
“This transaction continues to strengthen our long-term partnerships with Capital One and J.P. Morgan, relationships we’ve built across multiple funds and numerous transactions over the years,” said Mark DeCesare, Head of Corporate Finance at Faropoint. “Their confidence in our platform and ability to execute complex portfolio financings reflects the institutional quality of our operations.”
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