Endurance announces $140 Million inindustrial refinancings across Pennsylvania

Pennsylvania — Endurance Real Estate Group, LLC (Endurance) announced the completion of three separate refinancing transactions totaling $140 million in proceeds involving industrial properties owned and managed by affiliates of Endurance. The refinancings are secured by 15 industrial buildings totaling 2.2 million s/f throughout Pennsylvania’s I-78/I-81 Corridor.

The refinancings were completed with three separate capital providers, including a life insurance company for a stabilized 1 million s/f warehouse, a national banking institution for a multi-tenant light industrial portfolio, and a bridge lender for the refinancing of a recently completed 234,000 s/f speculative warehouse. Each financing structure was tailored to align with the respective business plan and operating profile of the underlying investment.

“We are very pleased with the outcome of these loans,” said Jared Newman, partner & senior vice president of Endurance Real Estate Group. “Completing these refinancings across multiple lending sources reflects the quality of the underlying real estate, the strength of the tenant base, and continued lender confidence in Endurance’s operating platform. In addition to providing flexibility across the assets, these refinancings position the investments for continued execution of their respective business plans and ongoing value creation.”