Stirling Capital Secures US$70mn Bank Of American Loan

News: California-based Stirling Capital Investments has secured a US$70mn mortgage refinance from Bank of America on its property portfolio at the Southe rn California Logistics Cent er , Globe St reports. According to Stirling Capital , the loan will pay off maturing debt and facilitate expansion plans for the property ' s revenue portfolio of more than 2mn sq ft . The 2,500-acre Logistics Cent er is undergoing a 176,800sq ft expansion slated for completion in December 2012.

This article is tagged to:
Sector: Real Estate
Geography: United States, United States, United States, United States

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