Updated Jul 15, 2025
RBC Capital Markets Arranges $102M Construction Loan For University Of Kentucky Sports Center Garage Development
Lexington Road
$102,000,000
Building Size
—
Asset Type
Development Site
Closing
Jul 11, 2025
About this deal
AI
The asset involved in this transaction is a development site located in Lexington, KY. The loan amount for this development site is $102,000,000, and it is designated for construction purposes. The transaction includes financing for the University of Kentucky’s new 1,200-space Sports Center Garage alongside a 50,000 square foot expansion of the Johnson Recreation Center.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $102,000,000
- Loan Type: Construction
- Landlord: University of Kentucky
- Broker: RBC Capital Markets
- Expected Completion: December 2026
Signet Real Estate Group played a significant role in facilitating the financing for the University of Kentucky's projects. RBC Capital Markets arranged the financing deal, with construction already in progress.
On the Map
$102,000,000
Development Site
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Players
Versailles Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93