Redfearn Capital, in partnership with TPG Angelo Gordon, has closed a $150 million refinancing of a 10-building industrial portfolio in Florida. The loan was provided by Prospect Ridge.
The transaction includes an initial $80 million loan secured by properties across Orlando, Clearwater, Pompano Beach, Jacksonville, Naples, Hialeah and Miramar. The portfolio totals 590,895 square feet and is 98.4 percent leased to 19 tenants. The financing also includes up to $70 million of additional capacity for future acquisitions.
