refinance | Adler Realty

Adler Realty Sells 11880 Greenville Avenue and Refinanced the Remaining Property Located at Forest Green Office Park

Fri, 08 Jul 2011 06:25:27 +0000

Dallas, TX (July 8, 2011) Building C, comprising of 24,278 square feet was sold to its largest tenant, TESS. The sales price was $2,525,000 ($104 per square foot). The loan on the remainder of the property was set to mature in January 2012.

On July 12th we closed a new loan with Citigroup in the amount of $6,650,000 and paid off the balance of the previous loan. The new loan is fully amortized over thirty years, payable in ten years and bears interest at 5.64% per annum.

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Adler Realty Refinances Preston Belt Line Office Park

Sat, 11 Jun 2011 06:30:38 +0000

Dallas, TX (June 2011) The loan on the property was refinanced with a long term fixed rate loan on June 16, 2011 with Citigroup.

The 10 year loan bears an interest rate of 5.54% per annum, fully amortized over 30 years. The loan with Wells Fargo, which was due to mature in November 2011, was paid off in full.

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Adler Realty Sells 4200 & 4260 Truxtun Avenue in Bakersfield and Refinanced Remaining Property

Thu, 21 Oct 2010 08:00:38 +0000

Bakersfield, CA (October 21, 2010) The two buildings on Truxtun Avenue 4200 and 4260 Truxtun Avenue comprising of 48,327 and 12,601 square feet respectively, were sold and 4900 California Avenue, comprising of 151,124 square feet was refinanced. The two Truxtun properties were sold to current tenants in the buildings for $8,000,000 ($131.30 per square foot). The original purchase price was $114.60 per square foot. The 4900 California building was refinanced by Goldman Sachs. A ten year loan in the amount of $13,750,000 was secured bearing interest at 5.6% per annum and payments amortized over twenty five years.

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