Finance Q Kentucky

CBRE arranges $13 million refinance for Louisville distribution center

CBRE arranges $13 million refinance for Louisville distribution center,ph01

CBRE Capital Markets’ Debt and Structured Finance Group arranged a $13 million refinance loan for the J. Knipper and Company distribution center near Louisville.

Doug Seylar in CBRE’s Minneapolis-based Debt and Structured Finance Group secured the loan on behalf of the borrower, 1250 Patrol Road, LLC, a subsidiary of Olympus Ventures. The 10-year loan offers a 30-year amortization and a fixed interest rate.

The property is a 314,430-square-foot building built in 2016 and fully occupied by J. Knipper and Company Inc., a pharmaceutical supplier. The building at 1250 Patrol Road in Charlestown, Indiana, serves as the company’s Midwest distribution center.