RBC Capital Markets Arranges $102M Construction Loan For University Of Kentucky Sports Center Garage Development

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.