We placed a Life Co loan with Blackstone/Fidelity for a large industrial client of ours. This was for a single tenant Nike Distribution center in Memphis TN. Brand new development. We secured a 5yr fixed rate deal at 2.8% rate, full IO, 65% LTV, non-recourse.
Memphis, TN, USA
- LTV: 65% , Rate: 2.8%, Term- 5yr (fixed), IO Period - Full Term, Non-recourse