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RBC Capital Markets Arranges $102M Construction Loan For University Of Kentucky Sports Center Garage Development
FINANCED
$102,000,000
Kentucky
See Similar DealsDevelopment Site
Financed 07/11/2025
FINANCED
RBC Capital Markets Arranges $102M Construction Loan For University Of Kentucky Sports Center Garage Development
Lexington Road
See Similar DealsDevelopment Site
Financed 07/11/2025
Summary
KENTUCKY
Asset Type:Development Site
Transaction Type:Loan
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.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$102,000,000.00
Monthly NOI$680,000.00
Monthly Debt Service$644,709.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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