Adler Group Secures $53M Refi

(Crystal Proenza is associate editor of Real Estate Florida.)

MIAMI-The Adler Group has refinanced a local office/industrial portfolio for $53.5 million through two loans from separate lenders. The properties, all located at Miami Industrial Commerce Center in the Airport West submarket, were financed because a seven-year CMBS loan had matured. Both of the seven-year, fixed rate loans were arranged by Holliday Fenoglio Fowler LP senior managing director Paul Stasaitis and senior real estate analyst Todd Adams.

“The property’s prime location, operating history and highly experienced sponsorship created an extremely competitive lending market for these placements,” said Stasaitis in a release. “Many market participants may view the debt markets as somewhat stymied. However, these transactions, which were closed within three weeks of application execution, simply illustrate that there is ample debt-market liquidity.”