Updated Jul 17, 2025
PGIM Real Estate Provides $100M Loan To Beacon Partners For Industrial Portfolio In NC
$100,000,000
$62/SF
Building Size
1,600,000 SF
Asset Type
Industrial
Closing
Jul 1, 2025
About this deal
AI
An industrial portfolio consisting of 12 properties located in the Charlotte and Raleigh markets, totaling 1,600,000 square feet of fully leased industrial space, has been financed through a $100 million loan. The lender involved in this transaction is PGIM Real Estate, led by Trace Wilson, while the landlord is Beacon Partners.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $100,000,000
- Lender: Trace Wilson - PGIM Real Estate
- Landlord: Beacon Partners
- Address: Industrial Portfolio
- Market: Charlotte & Raleigh, NC
This financing from PGIM Real Estate aims to assist Beacon Partners in repositioning and expanding the industrial portfolio, which includes an IOS site, enhancing its operational capabilities within the region.
Players
Market 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93