JLL arranges $718.2 million refinancing for Equus’ Phoenix industrial portfolio
JLL•JLL arranged $718.2 million in five-year, floating-rate financing to refinance Equus Capital Partners’ Phoenix industrial portfolio, comprising 52 properties totaling 5.2 million square feet and 92% leased at closing.
1. Refinancing details
JLL arranged $718.2 million in five-year, floating-rate financing for affiliates of Equus Capital Partners to refinance the Project Pegasus industrial portfolio in Phoenix. The portfolio comprises 52 properties totaling 5.2 million square feet and was 92% leased at closing.
2. Loan structure
The financing includes a $527.1 million single-asset, single-borrower execution, with Morgan Stanley as lead left and Bank of America as right lead. Bank of America holds the remaining $191.1 million balance-sheet loan.
