$17MM Loan (Senior + Mezz) – Construction Financing
New construction loan request for 262,000 SF Class-A industrial property located in Charleston, South Carolina.
- Strategically located in proximity to global automotive fabrication facilities
- Tight industrial market with limited supply
- Sponsor’s first project in this submarket, no pre-leasing completed at closing
Dekel Capital identified an institutional debt fund that was capable of providing a non-recourse “stretch senior” loan to 85% LTC at competitive pricing, which removed the need for any additional inter-creditor documentation.