CBRE Secures $55M Refinance Loan For Peachtree Battle Shopping Center In Buckhead
2333 Peachtree Road Northeast & 2365 Peachtree Road
$55,000,000
Building Size
—
Asset Type
Retail
Closing
Sep 11, 2023
AI
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
- Property Type: Retail
- Transaction Amount: $55,000,000
- Address: 2333-2365 Peachtree Road NE, Atlanta, GA
- Market: Atlanta, GA
- Acres: 12.6
- Landlord: Jesse Shannon - Branch Properties
- Brokers: Brian Linnihan, Mike Ryan, Richard Henry & Taylor Crowder - CBRE
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
Atlanta Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93