{"id":500734,"date":"2021-06-03T16:49:10","date_gmt":"2021-06-03T20:49:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/philadelphia-industrial-park-receives-10-million-in-financing-via-walker-dunlop\/"},"modified":"2021-06-03T16:49:10","modified_gmt":"2021-06-03T20:49:10","slug":"philadelphia-industrial-park-receives-10-million-in-financing-via-walker-dunlop","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/philadelphia-industrial-park-receives-10-million-in-financing-via-walker-dunlop\/","title":{"rendered":"Philadelphia Industrial Park Receives $10 Million in Financing via Walker &amp; Dunlop"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">BETHESDA, Md.<\/span>, <span class=\"xn-chron\">June 3, 2021<\/span> \/PRNewswire\/ &#8212; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3185671-1&amp;h=1934201376&amp;u=https%3A%2F%2Fwww.walkerdunlop.com%2F&amp;a=Walker+%26+Dunlop%2C+Inc.\" rel=\"nofollow noopener\">Walker &amp; Dunlop, Inc.<\/a>\u00a0announced today that it structured <b><span class=\"xn-money\">$10,084,000<\/span><\/b> in financing for <b>Curtis Industrial Park<\/b>, a 520,085 square foot multi-tenant, owner-occupied industrial condominium in <span class=\"xn-location\">Sharon Hill, Pennsylvania<\/span>. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1525676\/Curtis_Industrial_Park_LinkedIn_Deal_Blast.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1525676\/Curtis_Industrial_Park_LinkedIn_Deal_Blast.jpg\" title=\"Curtis Industrial Park\" alt=\"Curtis Industrial Park\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Walker &amp; Dunlop&#8217;s Philadelphia Capital Markets team was led by Managing Directors\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3185671-1&amp;h=1894240278&amp;u=https%3A%2F%2Fwww.walkerdunlop.com%2Fwhat-makes-us-different%2Fbios%2Fjohn-banas%2F&amp;a=John+Banas\" rel=\"nofollow noopener\"><span class=\"xn-person\">John Banas<\/span><\/a>\u00a0and\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3185671-1&amp;h=64429963&amp;u=https%3A%2F%2Fwww.walkerdunlop.com%2Fwhat-makes-us-different%2Fbios%2Fkristopher-wood%2F&amp;a=Kris+Wood\" rel=\"nofollow noopener\"><span class=\"xn-person\">Kris Wood<\/span><\/a>, as well as Analysts <span class=\"xn-person\">Rhett Saltiel<\/span>, <span class=\"xn-person\">John Wilson<\/span>, <span class=\"xn-person\">Erik DiGirolamo<\/span>, and <span class=\"xn-person\">Dan Quinn<\/span>. The team arranged <span class=\"xn-money\">$3,672,000<\/span> in financing for the refinance of 278,990 square feet, which allowed the owner, Auroch Partners, to acquire an additional 241,095 square feet of adjacent industrial space. The acquisition financing totaled <span class=\"xn-money\">$6,412,000<\/span>. Walker &amp; Dunlop canvassed its strong network of capital providers and determined that a regional bank, which has a long-standing working relationship with the team, was the ideal capital partner for the client. The team structured the debt with full-term, interest-only payments and an attractive floating rate.<\/p>\n<p>&#8220;I&#8217;ve financed many commercial deals on a direct basis and with intermediaries over the years, but no one has worked harder than <span class=\"xn-person\">John Banas<\/span> and the team at Walker &amp; Dunlop,&#8221; commented Auroch Partners&#8217; <span class=\"xn-person\">Dave Krysiak<\/span>. &#8220;We had a complicated transaction with unusual lease structures, and John got it done.&#8221;<\/p>\n<p>&#8220;This financing represents a new banking relationship for Auroch Partners, a strong owner-operator within the greater <span class=\"xn-location\">Philadelphia<\/span> metro area,&#8221; said Mr. Banas. &#8220;This transaction was a unique assignment, and the structured financing highlights Walker &amp; Dunlop&#8217;s versatility and acuity with specialty asset classes, such as this industrial condominium.&#8221;<\/p>\n<p>Formerly a manufacturing facility, Curtis Industrial Park was recently converted into an industrial condominium complex. The new development features a variety of industrial units as well as office suites. The property is currently 100% occupied, and its tenants include six different firms, all of which have thrived despite the COVID-19 pandemic. The property is proximate to <span class=\"xn-location\">Philadelphia&#8217;s<\/span> major thoroughfares, including <span class=\"xn-location\">Pennsylvania<\/span> Route 291, U.S. Route 13, Interstate 95, and Interstate 476. With the <span class=\"xn-location\">Philadelphia<\/span> International Airport located two miles south of the property and <span class=\"xn-location\">Philadelphia&#8217;s<\/span><span class=\"xn-location\">Center City<\/span> approximately eight miles away, the property is well-positioned for both in- and out-bound distribution.<\/p>\n<p>Walker &amp; Dunlop has one of the strongest industrial finance networks in the industry, with over 100 dedicated experts in the sector. In 2019 and 2020, Walker &amp; Dunlop completed 160 industrial property transactions in 21 states.<\/p>\n<p>For more insights on the industrial market, including trends driving new warehouse construction, the need for urban infill industrial properties, and case studies on recently closed transactions, please see our\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3185671-1&amp;h=1890277992&amp;u=https%3A%2F%2Fengage.walkerdunlop.com%2Fnyc-capital-markets-team%2Fin-the-news%3Ftoken%3D1da061ce02%26utm_source%3Dwebsite_marquee%26utm_content%3Dindustrial%26utm_campaign%3Dnyc_industrial&amp;a=Industrial+Market+Report\" rel=\"nofollow noopener\">Industrial Market Report<\/a>.<\/p>\n<p>\n        <b>About Walker &amp; Dunlop<br \/><\/b><br \/>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3185671-1&amp;h=3358499329&amp;u=https%3A%2F%2Fwww.walkerdunlop.com%2Fwhat-makes-us-different%2F&amp;a=Walker+%26+Dunlop\" rel=\"nofollow noopener\">Walker &amp; Dunlop<\/a>\u00a0(NYSE: WD) is the largest provider of capital to the multifamily industry in <span class=\"xn-location\">the United States<\/span> and the fourth largest lender on all commercial real estate including industrial, office, retail, and hospitality. Walker &amp; Dunlop enables real estate owners and operators to bring their visions of communities \u2014 where Americans live, work, shop and play \u2014 to life. The power of our people, premier brand, and industry-leading technology make us more insightful and valuable to our clients, providing an unmatched experience every step of the way. With over 1,000 employees <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3185671-1&amp;h=2315770478&amp;u=https%3A%2F%2Fwww.walkerdunlop.com%2Fwhat-makes-us-different%2Foffices%2F&amp;a=across+every+major+U.S.+market\" rel=\"nofollow noopener\">across every major U.S. market<\/a>, Walker &amp; Dunlop has <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3185671-1&amp;h=224822465&amp;u=https%3A%2F%2Fwww.walkerdunlop.com%2Fwhat-makes-us-different%2Fawards-and-financial-rankings%2F&amp;a=consistently+been+named+one+of+Fortune%27s+Great+Places+to+Work%C2%AE\" rel=\"nofollow noopener\">consistently been named one of Fortune&#8217;s Great Places to Work\u00ae<\/a> and is <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3185671-1&amp;h=394494395&amp;u=https%3A%2F%2Fwww.walkerdunlop.com%2Fpower-people%2Fdiversity%2F&amp;a=committed+to+making+the+commercial+real+estate+industry+more+inclusive+and+diverse\" rel=\"nofollow noopener\">committed to making the commercial real estate industry more inclusive and diverse<\/a> while <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3185671-1&amp;h=400086357&amp;u=https%3A%2F%2Fs25.q4cdn.com%2F885336569%2Ffiles%2Fdoc_downloads%2Fgovernance%2FESG_Summary_v13-Final-2.24-revision.pdf&amp;a=creating+meaningful+social%2C+environmental%2C+and+economic+change\" rel=\"nofollow noopener\">creating meaningful social, environmental, and economic change<\/a> in our communities.<\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH00197&amp;sd=2021-06-03\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/philadelphia-industrial-park-receives-10-million-in-financing-via-walker--dunlop-301305602.html\">http:\/\/www.prnewswire.com\/news-releases\/philadelphia-industrial-park-receives-10-million-in-financing-via-walker&#8211;dunlop-301305602.html<\/a><\/p>\n<p>SOURCE  Walker &amp; Dunlop, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH00197&amp;Transmission_Id=202106031645PR_NEWS_USPR_____PH00197&amp;DateId=20210603\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire BETHESDA, Md., June 3, 2021 \/PRNewswire\/ &#8212; Walker &amp; Dunlop, Inc.\u00a0announced today that it structured $10,084,000 in financing for Curtis Industrial Park, a 520,085 square foot multi-tenant, owner-occupied industrial condominium in Sharon Hill, Pennsylvania. Walker &amp; Dunlop&#8217;s Philadelphia Capital Markets team was led by Managing Directors\u00a0John Banas\u00a0and\u00a0Kris Wood, as well as Analysts Rhett Saltiel, John Wilson, Erik DiGirolamo, and Dan Quinn. The team arranged $3,672,000 in financing for the refinance of 278,990 square feet, which allowed the owner, Auroch Partners, to acquire an additional 241,095 square feet of adjacent industrial space. The acquisition financing totaled $6,412,000. Walker &amp; Dunlop canvassed its strong network of capital providers and determined that a regional bank, which has a long-standing working relationship &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/philadelphia-industrial-park-receives-10-million-in-financing-via-walker-dunlop\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Philadelphia Industrial Park Receives $10 Million in Financing via Walker &amp; Dunlop&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-500734","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Philadelphia Industrial Park Receives $10 Million in Financing via Walker &amp; Dunlop - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/philadelphia-industrial-park-receives-10-million-in-financing-via-walker-dunlop\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Philadelphia Industrial Park Receives $10 Million in Financing via Walker &amp; Dunlop - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BETHESDA, Md., June 3, 2021 \/PRNewswire\/ &#8212; Walker &amp; Dunlop, Inc.\u00a0announced today that it structured $10,084,000 in financing for Curtis Industrial Park, a 520,085 square foot multi-tenant, owner-occupied industrial condominium in Sharon Hill, Pennsylvania. Walker &amp; Dunlop&#8217;s Philadelphia Capital Markets team was led by Managing Directors\u00a0John Banas\u00a0and\u00a0Kris Wood, as well as Analysts Rhett Saltiel, John Wilson, Erik DiGirolamo, and Dan Quinn. The team arranged $3,672,000 in financing for the refinance of 278,990 square feet, which allowed the owner, Auroch Partners, to acquire an additional 241,095 square feet of adjacent industrial space. The acquisition financing totaled $6,412,000. Walker &amp; Dunlop canvassed its strong network of capital providers and determined that a regional bank, which has a long-standing working relationship &hellip; Continue reading &quot;Philadelphia Industrial Park Receives $10 Million in Financing via Walker &amp; Dunlop&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/philadelphia-industrial-park-receives-10-million-in-financing-via-walker-dunlop\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-03T20:49:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1525676\/Curtis_Industrial_Park_LinkedIn_Deal_Blast.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/philadelphia-industrial-park-receives-10-million-in-financing-via-walker-dunlop\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/philadelphia-industrial-park-receives-10-million-in-financing-via-walker-dunlop\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Philadelphia Industrial Park Receives $10 Million in Financing via Walker &amp; 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Dunlop - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/philadelphia-industrial-park-receives-10-million-in-financing-via-walker-dunlop\/","og_locale":"en_US","og_type":"article","og_title":"Philadelphia Industrial Park Receives $10 Million in Financing via Walker &amp; Dunlop - Market Newsdesk","og_description":"PR Newswire BETHESDA, Md., June 3, 2021 \/PRNewswire\/ &#8212; Walker &amp; Dunlop, Inc.\u00a0announced today that it structured $10,084,000 in financing for Curtis Industrial Park, a 520,085 square foot multi-tenant, owner-occupied industrial condominium in Sharon Hill, Pennsylvania. Walker &amp; Dunlop&#8217;s Philadelphia Capital Markets team was led by Managing Directors\u00a0John Banas\u00a0and\u00a0Kris Wood, as well as Analysts Rhett Saltiel, John Wilson, Erik DiGirolamo, and Dan Quinn. The team arranged $3,672,000 in financing for the refinance of 278,990 square feet, which allowed the owner, Auroch Partners, to acquire an additional 241,095 square feet of adjacent industrial space. The acquisition financing totaled $6,412,000. Walker &amp; Dunlop canvassed its strong network of capital providers and determined that a regional bank, which has a long-standing working relationship &hellip; Continue reading \"Philadelphia Industrial Park Receives $10 Million in Financing via Walker &amp; Dunlop\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/philadelphia-industrial-park-receives-10-million-in-financing-via-walker-dunlop\/","og_site_name":"Market Newsdesk","article_published_time":"2021-06-03T20:49:10+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1525676\/Curtis_Industrial_Park_LinkedIn_Deal_Blast.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/philadelphia-industrial-park-receives-10-million-in-financing-via-walker-dunlop\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/philadelphia-industrial-park-receives-10-million-in-financing-via-walker-dunlop\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Philadelphia Industrial Park Receives $10 Million in Financing via Walker &amp; 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