Halvorsen Holdings & Ezon Inc Secures $15 Million Refinance Loan For Cahaba Crossing In Birmingham AL

This transaction involves a retail property located at 5824 Old Leeds Road in Birmingham, AL, featuring a total size of 67,874 square feet and situated on 9.8 acres. The property was recently completed in 2023 and is fully leased, anchored by Publix with a total of 10 tenants. This specific asset has facilitated a refinance transaction that totaled $15,000,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $15,000,000
• Loan Type: Refinance
• Loan Date: 01/17/2025
• Lender: 40-86-advisors-1-duplicate''>40|86 Advisors
• Landlord: Halvorsen Holdings & Ezon Inc
• Brokers: Brian Linnihan, JP Cordiero, Mike Ryan & Richard Henry - CBRE
• Future Development: Includes a 1.45-acre outparcel

CBRE played a crucial role in arranging the refinance of the property by securing a five-year, fixed-rate loan from 40|86 Advisors. The coordination involved in this transaction showcases the collaboration among the various participants, including the landlord, Halvorsen Holdings & Ezon Inc, alongside the appointed brokers working on behalf of the parties involved.