Global investment manager Realterm has marked its lending debut by providing a $70.8m (鈧�68.7m) loan to GreenPoint, secured by a US industrial outdoor storage (IOS) portfolio.
The GreenPoint portfolio of 163 acres, consists of eight properties located in Arizona, Colorado, Georgia, Michigan and Texas.
Realterm focuses on acquiring, developing, financing and managing specialised real estate and infrastructure assets that support global land, air, sea and rail transportation networks.
Paul Sisson, the head of credit at Realterm, said: 鈥漌e鈥檙e pleased to bring this important business line into Realterm鈥檚 offerings, strengthening the firm鈥檚 more than 30-year legacy in transportation-advantaged industrial and logistics portfolio sponsorship.
鈥淭he team鈥檚 deep expertise in strategic logistics enables us to assess risk, understand operational nuances, and identify value traditional lenders may overlook.鈥�
Kate Sarris, SVP of credit solutions at Realterm, said: 鈥漈he execution of this financing demonstrates Realterm鈥檚 ability to provide credit solutions for our customer鈥檚 strategic property portfolios.
鈥淲e鈥檙e looking forward to building lasting relationships with partners, such as GreenPoint, who share our vision for thoughtful asset management and financing.鈥�
Harris Brown, VP at Lantern Real Estate Advisors + Partners, the firm representing GreenPoint in the transaction, said: 鈥淩ealterm鈥檚 expertise in the industrial space, thoughtful structuring, and competitive pricing made them a great lending partner for our client.
鈥淲e are proud to have partnered with Realterm on their debut real estate loan and look forward to further collaboration.鈥�
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