ORIX USA’s Real Estate Capital Group announced the closing of a $23 million construction loan that will be used to build a 141,140 square foot, 100% pre-leased industrial property in New Jersey.
The industrial building will be constructed of steel framing and concrete tilt-wall panels with a flat, built-up roof, and will be demised with 4,900 square-feet of office space and 136,240 square feet of warehouse space. The building design will include 40’ clear heights, 1 drive-in door and 23 overhead doors.
“We’re thrilled to support the client’s evolving needs by providing construction financing for a crucial industrial facility, while further strengthening our position as a market leader in non-recourse construction financing.” said Allison Austin, Senior Director, ORIX USA Real Estate Capital.
ORIX USA’s Real Estate Capital Group is a proprietary commercial real estate lending business, delivering customized financing for a full range of property types in primary and secondary metropolitan markets in the U.S. and Canada. Loans made or arranged in California are pursuant to a California Financing Law license.
Since inception, the Real Estate Capital Group has successfully invested over $4 billion of balance sheet capital. For over 20 years the Real Estate Capital Group has been reliably providing construction and bridge financing for commercial real estate through a range of market cycles.
The Real Estate Capital Group is comprised of seasoned specialists transacting on a full range of property types. The group specializes in construction, bridge, mezzanine, and preferred equity opportunities and has fully dedicated origination, underwriting, closing, and servicing teams, ensuring that clients’ needs are met with timely execution.