Just Closed: $3.67M SBA 504 Loan for Two-Story Industrial Building
Liberty SBF just closed a $3.67 million loan for the acquisition of an industrial warehouse in Fort Lauderdale, FL. The Sponsors were approved for an SBA 504 loan broken up into a $2.04 million first lien mortgage and a $1.6 million interim second lien mortgage.
The two-story, 20,035 SF structure was originally built in 1988 and will serve as a distribution center. The Sponsors operate a wholesale and distribution company for baby items, outdoor products, health and beauty, pet supplies, sports and fitness, office supplies, and medical supplies. The company experienced solid revenue growth throughout 2020 and 2021.
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