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2333 Peachtree Road Northeast

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

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

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

CBRE

Broker

$1.5B

vol

25 deals

Broker
BP
Branch PropertiesLandlord

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