Berkadia Secures $50M Refinancing for Industrial Portfolio in Medley, Florida

Galaxy Lands $50M Refi for Miami Warehouse Portfolio

Galaxy Industrial obtained a $50 million refinancing on the Galaxy Industrial Portfolio, a 689,940-square-foot amalgamation of 20 warehouse buildings located in the Medley submarket of Miami. Charles J. Foschini, Christopher Apone, Lourdes Carranza-Alvarez, Shannon Wilson and Luke Maganas of Berkadia Miami secured the million on behalf of Galaxy.  Ocean Bank provided the five-year, fixed-rate loan with two five-year extension options, and a 12-m…

Berkadia Secures $50M Refinancing for Industrial Portfolio in Medley, Florida

MEDLEY, FLA. — Berkadia has secured a $50 million loan for the refinancing of the Galaxy Industrial Portfolio, a collection of 20 warehouse buildings in the Miami suburb of Medley spanning 689,940 square feet. Ocean Bank provided the five-year, fixed-rate loan with two five-year extension options and a 12-month interest-only period. Charles Foschini, Christopher Apone, Lourdes Carranza-Alvarez, Shannon Wilson and Luke Maganas of Berkadia arrange…