Trez Forman Closes $38.8 Million Construction Loan for Spec Industrial Buildings near Cincinnati, Ohio

December 5, 2019—Trez Forman Capital, with offices in Atlanta, Ga. and Palm Beach, Fla., funded a $38.81 million loan that will be used develop two spec industrial buildings totaling...
Logistics Park 75

December 5, 2019—Trez Forman Capital, with offices in Atlanta, Ga. and Palm Beach, Fla., funded a $38.81 million loan that will be used develop two spec industrial buildings totaling 776,820 square feet in northern Kentucky, about 20 miles south of Cincinnati, Ohio.

The warehouse/distribution centers are planned for the 55-acre Logistics Park 75 located at 415 Jones Road, Walton, Kentucky near the intersection of I-75 and I-71.

Trez Forman CEO Brett Forman and Managing Director Russ Holland, who leads the Atlanta office, originated the loan. The borrower is SFG Walton KY, LLC.

Forman said the proceeds will be used to help fund the cost to build both structures on one of five lots that comprises the 55 acre park. The larger building will be 544,320 square feet and feature two tenant bays of equal size. The second is planned for 232,500 square feet also with two bays of the same size. The space has the ability to be subdivided to accommodate a wide variety of tenants. Each structure features 36-foot clear ceiling heights and multiple dock-high doors.

“This industrial park is ideally positioned near major highways providing easy access to the Cincinnati/Northern Kentucky International Airport where Amazon is building a 3-million- square-foot Prime Air cargo hub,” said Forman. “Our borrower should have no problem attracting quality tenants who want to take advantage of the exciting growth happening in this region.”

The latest transaction comes on the heels of Trez Forman completing the largest individual transaction in the private lender’s history. It funded a $115 million loan for Camperdown Square, a major mixed-use development in Greenville, S.C. Trez Forman also closed a $26.7 million loan for a suburban Atlanta mixed-use project on Nov. 8.

Trez Forman, a Trez Capital company, provides commercial bridge loans for development and construction and senior stretch financing, starting at $10 million. It also offers private and institutional investors equity investment opportunities in a variety of funds and assets.

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CincinnatiCommercialDealsFinancingIndustrialMidwestNational

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