Global investment manager Realterm has marked its lending debut by providing a $70.8m (β¬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: βWeβre pleased to bring this important business line into Realtermβs offerings, strengthening the firmβs more than 30-year legacy in transportation-advantaged industrial and logistics portfolio sponsorship.
βThe teamβs deep expertise in strategic logistics enables us to assess risk, understand operational nuances, and identify value traditional lenders may overlook.β
Kate Sarris, SVP of credit solutions at Realterm, said: βThe execution of this financing demonstrates Realtermβs ability to provide credit solutions for our customerβs strategic property portfolios.
βWeβre looking forward to building lasting relationships with partners, such as GreenPoint, who share our vision for thoughtful asset management and financing.β
Harris Brown, VP at Lantern Real Estate Advisors + Partners, the firm representing GreenPoint in the transaction, said: βRealtermβs expertise in the industrial space, thoughtful structuring, and competitive pricing made them a great lending partner for our client.
βWe are proud to have partnered with Realterm on their debut real estate loan and look forward to further collaboration.β
To read the latest ΒιΆΉΣ³» Real Assets magazine click here.
