JLL Arranges $131.9M Refinance Loan For Raleigh Properties National Portfolio Including Tesla Service Centers

The transaction involves a refinance loan for a national portfolio consisting of 12 properties, which includes eight Tesla Service Centers, three industrial properties, and a research and development facility. The total square footage of the portfolio amounts to 860,500. The loan amount secured for this portfolio is $131,909,000, involving various markets such as San Antonio TX, Sunnyvale CA, Richmond TX, League City TX, Fayetteville GA, Jacksonville FL, Nashville TN, Fort Lauderdale FL, Commerce CA, Corona CA, and Issaquah WA.

Summary of transaction details:

• Property Type: Industrial/Specialty Use/Tesla Service Center
• Transaction Amount: $131,909,000
• Loan Type: Refinance
• Loan Terms: 5 to 7 years
• Lenders: 2 Insurance Companies & 2 Regional Banks
• Landlord: Raleigh Properties
• Brokers: Marc Schillinger, Keaton Yellin & Alex Sharrin - JLL
• Transaction Structure: Non-recourse financing arranged by JLL
• Spreads: Ranged from 160 to 225

The key individuals involved in the transaction include brokers Marc Schillinger, Keaton Yellin, and Alex Sharrin, representing JLL in this deal. The involvement of multiple lenders facilitated the arrangement of this refinance loan, highlighting a structured approach to financing within a diverse portfolio.