Pinnacle Financial Partners Provides $28.83M Construction Loan For Industrial Asset In Apex NC
Goodwin Road
$28,830,000
$94/SF
Building Size
305,470 SF
Asset Type
Industrial
Closing
Aug 14, 2025
AI
The property asset involved in this transaction is located at 0 Goodwin Road in Apex, NC. It is classified as an industrial asset, covering a total square footage of 305,470. The loan amount associated with this property is $28,830,000, provided by Pinnacle Financial Partners as a construction loan.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $28,830,000
- Address: 0 Goodwin Road
- Market: Apex, NC
- Lender: Pinnacle Financial Partners
- Landlord: Steven McCraney - McCraney Property Company
- Brokers: Melissa Rose, Michael DiCosimo, Nicole Barba, and Ward Smith - JLL
The deal includes key individuals such as Steven McCraney, representing the landlord, and multiple brokers from JLL, namely Melissa Rose, Michael DiCosimo, Nicole Barba, and Ward Smith, who played a role in facilitating this transaction. Their involvement highlights the collaborative effort behind securing financing for this industrial property.
Players
Apex Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93