Transaction Overview
The Alison Company/George Smith Partners secured $4,000,000 in proceeds for the refinance of a 45-unit industrial park in Charlotte, North Carolina. The lender provided proceeds of 24% of appraised value and underwrote to a 21.51% stabilized debt yield. The loan was structured with two years of interest only followed by 30-year amortization. The new first trust deed will refinance an existing life company loan.
