Updated Oct 10, 2026
Thor Equities Secures $43.25M Loan From BridgeInvest For Artley Portfolio In Savannah, GA
25 Artley Road
$43,250,000
$82/SF
Building Size
525,000 SF
Asset Type
Industrial
Closing
Oct 8, 2026
About this deal
AI
The property asset involved is the Artley Portfolio, located at 25-27 Artley Road in Savannah, Georgia. This industrial asset encompasses 525,000 square feet across 11 buildings situated on 27 acres. Thor Equities acquired the portfolio for $49 million in 2022 and recently secured financing of $43.25 million through BridgeInvest.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $43,250,000
- Address: 25-27 Artley Road
- Market: Savannah, GA
- Lender: Alex Horn, Jon Gitman, Ray Yen & Jack McNinch - BridgeInvest
- Landlord: Joe Sitt - Thor Equities
- Broker: IronHound Management Company
The financing arrangement was facilitated by IronHound Management Company, highlighting their role in securing the loan from BridgeInvest for Thor Equities, represented by Joe Sitt. The loan type is categorized as a bridge loan to support the ongoing management of the portfolio.
On the Map
$43,250,000
$82/SF
Industrial
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Players
Rudd Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93