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California-based warehouse owner Hager lands $50m loan
California-based Hager Pacific Properties has received a $50m loan on a 2m sq ft central Pennsylvania warehouse portfolio. An undisclosed correspondent life company provided the 17-year, 4.15%, fixed-rate loan. Hager purchased the 11-building portfolio in 2006 from Chicago-based Blue Vista Sponsor Equity Fund and an affiliate of Walton Street Real Estate Fund IV for $87m, at the time assuming a $55m mortgage.
