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Acquisition financing for a portfolio of industrial properties throughout North Carolina and South Carolina
Investment highlights
- The portfolio consists of 17 industrial properties primarily located in South Carolina, with a majority of the properties located in and around Columbia, SC.
- Each property is easily accessible through state throughways, ports and distribution centers.
With the expansion of the Panama Canal, deepening of the Port of Charleston and growth of inland ports, the South Carolina industrial market is expected to continue to expand as demand widens.
Location
Investment details1
Total loan size
$72,971,413
Purpose
Acquisition financing
LTV
72%
Date of loan
02/27/20
Year built
1978
Square feet
2,691,799