LoanBase successfully secured a $1,800,000 30-year fixed loan to refinance an industrial property in Phoenix.

The Borrower, a veteran real-estate investor, requested a long-term, non-recourse financing. The industrial complex is located in a prominent area of Glendale, a Phoenix suburb, adjacent to a strong retail corridor.
The asset was built in 1972 and made up of a warehouse and a fulfillment center.