Global investment manager Realterm has marked its lending debut by providing a $70.8m (€68.7m) loan to GreenPoint, secured by a US industrial outdoor storage (IOS) portfolio.
The GreenPoint portfolio of 163 acres, consists of eight properties located in Arizona, Colorado, Georgia, Michigan and Texas.
Realterm focuses on acquiring, developing, financing and managing specialised real estate and infrastructure assets that support global land, air, sea and rail transportation networks.
Paul Sisson, the head of credit at Realterm, said: ”We’re pleased to bring this important business line into Realterm’s offerings, strengthening the firm’s more than 30-year legacy in transportation-advantaged industrial and logistics portfolio sponsorship.
“The team’s deep expertise in strategic logistics enables us to assess risk, understand operational nuances, and identify value traditional lenders may overlook.”
Kate Sarris, SVP of credit solutions at Realterm, said: ”The execution of this financing demonstrates Realterm’s ability to provide credit solutions for our customer’s strategic property portfolios.
“We’re looking forward to building lasting relationships with partners, such as GreenPoint, who share our vision for thoughtful asset management and financing.”
Harris Brown, VP at Lantern Real Estate Advisors + Partners, the firm representing GreenPoint in the transaction, said: “Realterm’s expertise in the industrial space, thoughtful structuring, and competitive pricing made them a great lending partner for our client.
“We are proud to have partnered with Realterm on their debut real estate loan and look forward to further collaboration.”
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