Permanent Loan - Refinance$17,000,000
90,000 sf Office Building
Axiom Capital Corporation announces the closing of a $17,000,000 permanent loan for the financing of an office building in Middletown, Connecticut. The Borrower is investing $19,500,000 in renovating the property. The renovations include a complete gutting of the existing 85,000 square foot building leaving only the three-story concrete frame, which will receive new exterior and interior finishes. When complete, the modern office building will expand to 90,000 square feet and include 316 parking spaces. The state-of-the-art building will offer amenities such as classrooms, an auditorium, a café with indoor and outdoor seating, and a fitness center with locker rooms.