INWOOD, WV—Distribution Centers of America secured a $21.85 million CMBS loan for a Class A warehouse facility here. UBS Securities provided the ten-year, fixed-rate financing at a 75% LTV.
Cushman & Wakefield's Gideon Gil, Sridhar Vankayala, and Suraj Ravi arranged the financing, representing Distribution Centers of America in the deal.
It is rare for a warehouse sale to be secured by CMBS financing, Gil tells GlobeSt.com. In this case, though, a number of factors lined up perfectly to attract not only UBS to the deal but other CMBS lenders as well.
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