FINANCED
Calmwater Capital Provides $8.34M Construction Loan For Industrial Property In Gastonia, NC
1651 Delta Drive
Industrial
60,000 SF
60,000 SF
Financed 1 year ago
Summary
Loan
NORTH CAROLINA
Industrial
60,000 sqft
The 60,000 square foot industrial property located at 1651 Delta Drive in Gastonia, NC has been involved in a recent transaction. The deal was facilitated by Zach Lutwak-Fitzgerald from Black Bear Capital Partners.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,340,000
- Loan Type: Construction
- Date: 05/25/2022
- Market: Gastonia, NC
- Lender: Calmwater Capital
- Landlord: Exponential Equity
The transaction involved a construction loan provided by Calmwater Capital. The loan amount of $8,340,000 was used for the construction of a 597-unit self-storage center on the property. The loan has a 3-year floating rate with full-term interest-only payments.
Players
Details
FINANCED
IMAGE: Zach Lutwak-Fitzgerald
DATE: 05/25/2022
ADDRESS: 1651 Delta Drive
MARKET: Gastonia, NC
ASSET TYPE: Industrial ~ SF: 60,000
LENDER: Calmwater Capital
LANDLORD: Exponential Equity
BROKER: Zach Lutwak-Fitzgerald - Black Bear Capital Partners (@BlackBearCapitalPartners)
LOAN AMOUNT: $8,340,000
LOAN TYPE: Construction
LOAN TERMS: The construction of the 597-unit self-storage center, spanning over 60k SF, was financed with a 3-year floating rate loan and features full-term interest-only payments.View on map
Loading...
Address1651 Delta Drive
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want