From The Real Deal · TRD Staff · · 40s
Faropoint Secures $500M Industrial Refinance
Faropoint's $500M industrial refinance package boosts portfolio growth with earn-out mechanism.
In brief
Faropoint's $500M industrial refinance package boosts portfolio growth with earn-out mechanism. Faropoint secured $474M from Truist and Capital One to refinance 85 industrial properties, with an additional $84M earn-out reserve for performance-based capital. Originally reported by The Real Deal.
Faropoint Refinance Deal
Faropoint secured $474 million from Truist Bank and Capital One to refinance 85 industrial properties.
Earn-Out Reserve
An $84 million earn-out reserve provides capital if net operating income rises over the loan term.
Portfolio Background
Faropoint's Industrial Value Fund III spans a dozen states with $2.2 billion in financing since 2022.
What it means
Faropoint secured $474M from Truist and Capital One to refinance 85 industrial properties, with an additional $84M earn-out reserve for performance-based capital.
