Barry Sternlicht Extends $94.13M Loan To 5Rivers CRE For Retail Acquisition | 104 Pavilion Parkway | Starwood Capital Group | Retail | Loan

Summary

Loan

GEORGIA

Retail

1,060,000 sqft

The 1.06 million-square-foot Fayette Pavilion retail property in Fayetteville, GA, located at 104 Pavilion Parkway, was recently acquired by 5Rivers CRE LLC for $134 million. The acquisition was supported by a $94.13 million loan from Barry Sternlicht of Starwood Property Trust.

Summary of transaction details:

Property Type: Retail
Transaction Amount: $134 million
Lender: Barry Sternlicht - Starwood Property Trust
Landlord: 5Rivers CRE LLC
Loan Type: Acquisition

Barry Sternlicht, acting as the lender through Starwood Property Trust, played a crucial role in extending the $94.13 million loan to 5Rivers CRE LLC for the acquisition of the Fayette Pavilion retail property. The transaction involved Nuveen Real Estate as the seller of the property.

Players

All
1

Lenders
1

Starwood Capital Group

Details

Deal Summary

FINANCED

IMAGE: Barry Sternlicht DATE: 03/15/2024 ADDRESS: 104 Pavilion Parkway MARKET: Fayetteville, GA ASSET TYPE: Retail ~ SF: 1,060,000 LENDER: Barry Sternlicht - Starwood Property Trust LANDLORD: 5Rivers CRE LLC LOAN AMOUNT: $94,130,000 LOAN TYPE: Acquisition NOTE: Starwood Property Trust has extended $94.13 million to support 5Rivers CRE LLC's acquisition of the 1.06 million-square-foot Fayette Pavilion retail property in Fayetteville, GA, purchased from Nuveen Real Estate for $134 million.

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Address104 Pavilion Parkway

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