{"id":101624,"date":"2026-01-15T21:42:07","date_gmt":"2026-01-15T21:42:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/101624\/"},"modified":"2026-01-15T21:42:07","modified_gmt":"2026-01-15T21:42:07","slug":"bankunited-leads-28m-loan-for-staten-island-industrial-acquisition-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/101624\/","title":{"rendered":"BankUnited Leads $28M Loan for Staten Island Industrial Acquisition \u2013 Commercial Observer"},"content":{"rendered":"

Pump up the volume.\u00a0<\/p>\n

ProX<\/a>, a manufacturer of hard-sided packing cases for sound equipment, lights and other entertainment supplies, has sealed $28.2 million of acquisition financing for the purchase of a newly built warehouse property in Staten Island, Commercial Observer has learned.<\/p>\n

SEE ALSO: Canfield Lands $174M Construction Loan for First Phase of SoCal Housing Project<\/a><\/p>\n

BankUnited<\/a> provided a $24.9 million senior loan for ProX\u2019s $33.3 million acquisition of a 136,346-square-foot industrial complex at 2807 Arthur Kill Road in the South Shore area of Staten Island. Pursuit Lending also supplied a $3.3 million loan through the Small Business Administration 504 program<\/a> as part of the 85 percent loan-to\u2013value deal.<\/p>\n

Meridian Capital Group<\/a>\u2019s Benjamin Klugmann negotiated the financing.\u00a0\u00a0<\/p>\n

\u201cThis was a highly coordinated transaction that required close collaboration between two lenders with different underwriting approaches,\u201d Klugmann said in a statement. \u201cBankUnited and Pursuit worked seamlessly together, allowing us to structure a solution that matched the strength of the sponsor and the quality of the real estate.\u201d<\/p>\n

BankUnited, Pursuit and ProX did not immediately return requests for comment.<\/p>\n

Andrew Coen can be reached at acoen@commercialobserver.com<\/a>.\u00a0<\/p>\n

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