Last Mile Logistics Industrial Credit Facility

Nationwide

Loan Amount

$550,000,000

Deal Description

This deal was structured with a top US bank, the deal allowed for an ongoing revolver of $550M for our client to be able to continuously draw on that ran parallel to their second Fund (at the time). The terms of the facility were allowance up to 65% LTV, non-recourse, with fixed rates aqt 2.65%, Full IO periods, 3yr term w/ 1+1 extension options.

Property Location

Nationwide

 Quick Stats 
Partner Type

Bank

Program Type

Credit Facility

Program details

- LTV: 65%
- Rate: 2.65%
- Term- 3+1+1 (Extension)
- IO Period - Full Term
- Non-recourse