Industrial / Flex Acquisition

Property Type:

Industrial / Flex

Execution Type:



Philadelphia, PA



Opportunity / Challenge

Borrower put a 93,000 square foot, 20% leased industrial/flex building under contract. Relatively short fuse to close the acquisition, and a business plan that required significant capital expenditures and lease-up.

Red Fox Capital Solution

Red Fox was able to help close the acquisition with a $4.4MM loan (68% LTC). Red Fox’s team invested time with the borrower, understanding the asset and local market, and developing a structure that allowed the customer to achieve its business plan.

Exit Strategy

The first step of the business plan is to acquire the property, perform improvements, and complete the renegotiation of the anchor tenant lease. Borrower will then complete small tenant lease-up and exit via sale or conduit / permanent market refinance.

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