Truist, Capital One Provide $474M Refi for U.S. Industrial Portfolio

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Faropoint secured a $474 million refinancing from Truist Bank and Capital One for a portfolio of 85 industrial buildings across the United States. The broader financing commitment totals $574 million and will repay acquisition debt while supporting future distributions.

Faropoint, a New Jersey-based real estate investment firm specializing in last-mile industrial properties, has secured $474 million to refinance a portfolio of 85 industrial buildings across the U.S.  Truist Bank and Capital One provided the debt, which will repay acquisition debt and support future distributions. Moreover, the total deal includes $574 million in total commitments […]