By Trevor Damyan, Commercial Mortgage Broker at Commercial Lending Solutions
A $15 million cold storage refinance typically fits a stabilized 80,000 to 150,000 square foot refrigerated warehouse leased to an institutional cold-chain operator. Most $15M cold storage refis fund through life co, CMBS, or specialty industrial banks.
Get a Quote on Your $15M Deal →$15M cold storage refinances fund as a single senior loan from a life co, CMBS, or specialty industrial bank.
Pricing reflects active CLS CRE quote pipeline as of April 2026. Specific deal pricing depends on sponsor, property, and structure.
Typical $15M cold storage refinance sponsors are institutional industrial owners with cold storage allocations or vertically integrated cold-chain operators. Lineage Logistics and Americold Realty Trust dominate the institutional cold storage market.
On a $15.6M refinance of a 110,000 sq ft refrigerated warehouse leased to a regional food distributor on 11 years remaining triple-net, the sponsor financed through life co at 6.55 percent fixed 15-year, 60 percent LTV ($9.4M).
Anonymized. All deal references protect borrower and lender identity.
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