News: Front Section
Posted: July 28, 2023
Liddy of Kelleher & Sadowsky arranges $13.5 million
refinancing on behalf of Rabina
Auburn, MA Meghan Liddy, senior vice president of capital markets at Kelleher & Sadowsky Associates has arranged refinancing of the industrial distribution property at 26 Millbury St. in the amount of $13.5 million on behalf of Rabina.
26 Millbury St. is a 210,000 s/f industrial distribution building that is fully occupied by HD Supply Facilities Maintenance, Ltd., a wholly owned subsidiary of The Home Depot.
The loan was used to refinance the distribution facility. With the existing debt on the facility coming due to maturity in a volatile interest rate environment, Rabina engaged Kelleher & Sadowsky to advise on the debt placement.
Through a competitive RFP process, Liddy was able to secure a strong credit structure with Rockland Trust which enabled Rabina to manage their interest rate risk while maintaining strong investment returns from the property.
Tags:
Front Section
MORE FROM Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
Columns and Thought Leadership
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.