{"id":1004278544,"date":"2018-11-12T09:56:15","date_gmt":"2018-11-12T17:56:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004278544"},"modified":"2022-12-08T15:37:41","modified_gmt":"2022-12-08T23:37:41","slug":"berkadia-secures-45m-loan-for-ct-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/berkadia-secures-45m-loan-for-ct-portfolio\/","title":{"rendered":"Berkadia Secures $45M Loan for CT Portfolio"},"content":{"rendered":"<p>By Holly Dutton<\/p>\n<div id=\"attachment_1004278547\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Powers-Industrial-Portfolio-e1541794949716.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004278547\" data-attachment-id=\"1004278547\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/berkadia-secures-45m-loan-for-ct-portfolio\/powers-industrial-portfolio\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Powers-Industrial-Portfolio-e1541794949716.jpg\" data-orig-size=\"1811,1359\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Powers Industrial Portfolio\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;34 Executive Drive&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Powers-Industrial-Portfolio-e1541794949716.jpg?w=1024\" class=\"wp-image-1004278547 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Powers-Industrial-Portfolio-e1541794949716.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Powers-Industrial-Portfolio-e1541794949716.jpg 1811w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Powers-Industrial-Portfolio-e1541794949716.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Powers-Industrial-Portfolio-e1541794949716.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Powers-Industrial-Portfolio-e1541794949716.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/11\/Powers-Industrial-Portfolio-e1541794949716.jpg?resize=1536,1153 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004278547\" class=\"wp-caption-text\">34 Executive Drive<\/p><\/div>\n<p>Berkadia has secured $45 million in financing for the Powers Industrial Portfolio, a 17-building mix of industrial and warehouse buildings in Danbury, Conn. Berkadia secured the permanent refinancing through Citigroup on behalf of Delaware Commerce Park LLC.<\/p>\n<p>Yuri Kletsman of Berkadia\u2019s New York office led the financing, which consisted of a 10-year loan featuring a 6.4 percent fixed interest rate blended between a senior and mezzanine loan structure. The loan also featured an 80 percent loan-to-value ratio.<\/p>\n<p>Last month, The Hampshire Cos. sold&nbsp;a 117,992-square-foot, four-building&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/hampshire-sells-117-ksf-ct-industrial-portfolio\/\">industrial portfolio&nbsp;in Connecticut to a private buyer.<\/a> The portfolio comprised two buildings totaling 45,500 square feet at 55 Old Ridgebury Road in Danbury, Conn., as well as a 22,138-square-foot asset at 81 Fuller Way and a 50,354-square-foot facility at 83 White Oak Drive, both in Berlin. Conn.<\/p>\n<p><em>Image courtesy of Berkadia <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm worked on behalf of Delaware Commerce to arrange the permanent refinancing of a collection of 17 industrial and warehouse buildings in Danbury.<\/p>\n","protected":false},"author":745,"featured_media":1004278547,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,21742,10],"tags":[32894,42920,42917],"class_list":["post-1004278544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-latest","category-northeast","tag-berkadia","tag-citigroup","tag-delaware-commerce-park-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Berkadia Secures $45M Loan for CT Portfolio - 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