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Guardian Life Provides $132M Refinance Loan For Industrial Property In Greensboro, NC

Property Image
FINANCED
$132,000,000

North Carolina

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Industrial2,200,000 SF
Financed 12/15/2022
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Property Image
FINANCED

Guardian Life Provides $132M Refinance Loan For Industrial Property In Greensboro, NC

4754 Mcconnell Center Drive

See Similar Deals
Industrial2,200,000 SF
Financed 12/15/2022
Contact now

Summary

NORTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$60
Total Square Footage:2,200,000 SF
Transaction Type:Loan

The industrial property located at 4754 Mcconnell Center Drive in Greensboro, NC has recently undergone a refinancing transaction. The transaction involved a loan amount of $132,000,000 provided by Guardian Life. New York Life Investors acts as the landlord for this property.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $132,000,000
  • Address: 4754 Mcconnell Center Drive, Greensboro, NC
  • Market: Greensboro, NC
  • Lender: Guardian Life
  • Landlord: New York Life Investors

The deal was facilitated by Newmark's brokers, Jordan Roeschlaub and Dustin Stolly.

Players

Dustin Stolly
264 deals$49.1B volume
BROKER

Dustin Stolly
Walker & Dunlop
264 deals$49.1B volume
BROKER

Jordan (Jordy) Roeschlaub
Newmark
321 deals$96.2B volume
BROKER

New York Life
LENDER

Details

FINANCED
IMAGE: Dustin Stolly, Jordan Roeschlaub, John Lippmann & Andrew McMahon DATE: 12/15/2022 ADDRESS: 4754 Mcconnell Center Drive MARKET: Greensboro, NC ASSET TYPE: Industrial LENDER: Guardian Life LANDLORD: New York Life Investors BROKERS: Jordan Roeschlaub & Dustin Stolly - Newmark LOAN AMOUNT: $132,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$132,000,000.00

Monthly NOI$880,000.00
Monthly Debt Service$834,329.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00