INWOOD, WV—Distribution Centers of Americasecured a $21.85 million CMBS loan for a Class Awarehouse facility here. UBS Securities providedthe ten-year, fixed-rate financing at a 75%LTV.
Cushman & Wakefield's Gideon Gil, SridharVankayala, and Suraj Ravi arranged thefinancing, representing Distribution Centers of America in thedeal.
It is rare for a warehouse sale to be secured by CMBS financing,Gil tells GlobeSt.com. In this case, though, a number of factorslined up perfectly to attract not only UBS to the deal but otherCMBS lenders as well.
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