Faropoint Secures $340M Refinancing, Largest Transaction in Company History

Strategic refinancing of 46 Fund III assets optimizes capital structure and unlocks additional deployment capacity

HOBOKEN, N.J.--(BUSINESS WIRE)--Faropoint, a leading tech-enabled real estate investment firm focused on last-mile industrial properties in high population growth markets, announced today that it has secured a $340 million loan from Truist Bank & U.S. Bank for 46 assets in its Industrial Value Fund III. This refinancing represents the largest single transaction completed by Faropoint to date, following the acquisition of the $328M portfolio from Mapletree in June, which is the largest acquisition by Faropoint to date.

The strategic refinancing involves 49 industrial buildings totaling 3.7 million square feet diversified across 12 key markets. This transaction further diversifies Faropoint's pool of debt sources while bolstering risk management across its portfolios and freeing up capital for future acquisitions.

"This $340 million refinancing represents a watershed moment for Fund III and demonstrates the strength of our portfolio construction," said Idan Tzur, Chief Financial Officer at Faropoint. "By securing favorable terms on our largest refinancing to date, we're not only seeking to optimize our capital structure but also creating capacity for continued growth. The proceeds from this transaction will fuel our acquisition pipeline as we work toward Fund III's full deployment."

The refinancing is part of Faropoint's broader strategy to optimize its debt structure and enhance cash management stability. It allows the company to transition from short-term acquisition financing to long-term debt against specified stabilized asset batches.

"This refinancing marks several important milestones," said Mark DeCesare, Head of Corporate Finance at Faropoint. "Not only is this refinancing the largest transaction in our company’s growing history, but also it represents the launch of what we hope is a long and strategic partnership with both Truist & U.S. Bank. The substantial additional proceeds demonstrate the realization of our value-creation strategy, unlocking capital that will be redeployed to continue scaling the portfolio.”

“This transaction reflects Truist’s collaborative approach to working with sponsors on mission critical financings,” said Alex Rownd, Director, Real Estate Corporate Banking at Truist. “By providing tailored and flexible capital solutions, we’re helping clients optimize their portfolios so they can continue investing in their growth.”

This refinancing embodies Fund III's financing strategy of using dynamic acquisition facilities to streamline property aggregation, then refinancing stabilized asset pools into permanent debt to create additional acquisition capacity.

The transaction comes as Faropoint maintains its growth momentum, having recently launched Industrial Value Fund IV, the next fund in its flagship series, with a $1 billion target.

For inquiries or to learn more about Faropoint's investment strategies, please contact Ori Regev, SVP, Head of Product Marketing, at [e-mail].

About Faropoint

Faropoint is a tech-enabled, vertically integrated real estate investment manager specializing in urban logistics within the US industrial sector. With approximately 120 employees, Faropoint leverages data and deep market relationships to address inefficiencies in the industrial real estate market. The firm operates in 16 key US markets, securing off-market deals through its extensive broker network and strong local presence. Since its inception in 2012, Faropoint has acquired over 500 warehouses, representing more than $3.5 billion in industrial real estate assets.

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $544 billion as of Sept. 30, 2025. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.