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Light Manufacturing Property Lands $6M Refi
JLL Capital Markets arranged a $5.6-million refinancing for 271 Ballardvale St., a 56,000-square-foot, fully leased, light manufacturing industrial building off Interstate 93 in the northern Boston suburb of Wilmington, MA.
JLL worked on behalf of the borrower, Boston-based Rhino Capital Advisors LLC, to place the 10-year, fixed-rate loan with Webster Five. The Capital Markets debt placement team representing the borrower was led by Senior Director Brett Paulsrud and Associate Amy Lousararian.
“Given the long-term lease in conjunction with the very attractive debt terms, this asset will provide Rhino’s portfolio with strong cash flow for many years to come,” Paulsrud said. “It is always a pleasure to work with such a great team.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
