Duluth Industrial Warehouse Acquisition

Duluty, GA

Deal Overview

Inner Circle Capital successfully arranged the financing for the acquisition of a 43,000-square-foot industrial warehouse in Duluth, GA. Despite a short-term Weighted Average Lease Term (WALT) being a challenge during the underwriting process, the team was able to overcome this obstacle by leveraging market rents and strong occupancy levels in the area to demonstrate the property’s stability and income potential.

The loan was structured with a competitive fixed interest rate of 6.5%, a 70% Loan-to-Value ratio, and a 25-year amortization period. Notably, there is no prepayment penalty, providing flexibility to the borrower for future refinancing or early repayment. The transaction successfully closed, providing the borrower with the capital needed to acquire this property.

 

Capital Advisor: Andrew Bouton

Transaction Details

Loan Amount

$3,850,000

Loan to Value

70%

Term

5 Years

Prepayment

None

Rate

6.5%

Recourse

Full Recourse