iBorrow, a leading private direct lender for commercial real estate across the nation, recently finalized a $12.7 million loan to finance the sale-leaseback of an expansive 208,968-square-foot warehousing and distribution facility in Toledo, Ohio. The previous owner of this facility was a subsidiary of Stellantis – an international manufacturer known for its top automotive brands such as Jeep, Chrysler and Dodge. iBorrow expertly tailored the financing package to accommodate potential re-leasing activities and included future funding options for light capex expenses and other costs. Additionally,the borrower has the option to refinance with long-term debt in the future.
This industrial facility serves as a crucial hub for warehousing and logistics operations supporting Stellantis’ massive 3 million square foot manufacturing plant also located in Toledo.The property boasts impressive features including 34-foot clear heights,102 truck doors,and approximately292 parking spaces.It is fully occupied by one tenantand situatedina thriving industrial submarket with only4.1 percent vacancy rateand positive net absorption.
The article titled “iBorrow Provides $12
