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CBRE Secures $55M Refinance Loan For Peachtree Battle Shopping Center In Buckhead

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FINANCED
$55,000,000
Richard Henry
Brian Linnihan
+ 1

Georgia

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Retail
Financed 09/11/2023
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FINANCED

CBRE Secures $55M Refinance Loan For Peachtree Battle Shopping Center In Buckhead

2333 Peachtree Road Northeast & 2365 Peachtree Road

See Similar Deals
Retail
Financed 09/11/2023
Richard Henry
Brian Linnihan
+ 1
Contact now

Summary

GEORGIA
Asset Type:Retail
Transaction Type:Loan

The Peachtree Battle Shopping Center located at 2333-2365 Peachtree Road NE in Atlanta's Buckhead neighborhood has secured a $55 million loan for refinancing. The loan was obtained from Thrivent Financial by CBRE on behalf of the property's landlord, Jesse Shannon of Branch Properties.

Summary of transation details

CBRE played a key role in securing the loan from Thrivent Financial for the refinancing of the Peachtree Battle Shopping Center. The company's brokers, Brian Linnihan, Mike Ryan, Richard Henry, and Taylor Crowder, worked diligently to secure the $55 million loan on behalf of Jesse Shannon and Branch Properties. The successful completion of this refinancing deal demonstrates CBRE's expertise in the real estate financing market.

Players

Brian Linnihan
25 deals$1.5B volume
BROKER

Richard Henry
CBRE
23 deals$1.2B volume(404) 610-6916
BROKER

Taylor Crowder
CBRE
12 deals$730.5M volume
BROKER

Mike Ryan
CBRE
20 deals$1.1B volume(703) 217-4526
BROKER

LANDLORD

Details

FINANCED
IMAGE: Mike Ryan, Brian Linnihan, Richard Henry, Taylor Crowder & Jesse Shannon DATE: 09/11/2023 ADDRESS: 2333-2365 Peachtree Road NE MARKET: Atlanta, GA ASSET TYPE: Retail ~ ACRES: 12.6 LANDLORD: Jesse Shannon - Branch Properties BROKERS: Brian Linnihan, Mike Ryan, Richard Henry & Taylor Crowder - CBRE LOAN AMOUNT: $55,000,000 LOAN TYPE: Refinance NOTE: CBRE has secured a $55 million loan from Thrivent Financial for the refinancing of the Peachtree Battle Shopping Center in Atlanta's Buckhead neighborhood.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$55,000,000.00

Monthly NOI$366,666.67
Monthly Debt Service$347,637.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00