Terrace Capital, Inc. - Non-Recourse Senior Debt Financing

Home | December 2012News | Terrace Capital, Inc. - Non-Recourse Senior Debt Financing - $61MM

Terrace Capital, Inc. - Non-Recourse Senior Debt Financing - $61MM
Terrace Capital, Inc. - Non-Recourse Senior Debt Financing - $61MM
December 06, 2012
Terrace Capital announced today that it has secured $61MM in non-recourse financing for a portfolio of single tenant, industrial properties located in nine states, scattered throughout the United States (www.terracecapital.com) .

Barnett Capital LTD, (www.barnettcapital.com) based in Chicago, IL is a "Family Office", founded by Joel Barnett, which provides high yield debt for owners of commercial & residential real estate and companies in need of financing for inventory and equipment. Mr. Barnett, for the past 30 years, has captained the firm that bears his name with the sole purpose of sourcing and managing investment opportunities for his family.

The proceeds of this $61MM, 75% LTV, CMBS loan were used by the borro...
View more at: http://www.1888pressrelease.com/terrace-capital-inc-non-recourse-senior-debt-financing-pr-442245.html

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