Third & Urban And TPG Angelo Gordon Secures $51.4M Loan From Barings For Lower Tuck Portfolio In Charlotte

The mixed-use asset, located at 929 Jay Street, 1018 Jay Street, and 800 Gesco Street in Charlotte, NC, spans a total area of 247,223 square feet. This portfolio features three adaptive reuse buildings, incorporating Class A office and retail space, and has been valued with a loan amount of $51,400,000, secured for refinancing. The property is currently leased at a rate of 63.6%.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $51,400,000
• Lender: Barings
• Landlord: Third & Urban & TPG Angelo Gordon
• Brokers: Brian Linnihan, Mike Ryan, Richard Henry, JP Cordiero - CBRE

This transaction was facilitated by Barings, with Third & Urban and TPG Angelo Gordon representing the landlords. The brokers from CBRE involved in this refinancing deal contributed their expertise in managing the transaction smoothness and effectiveness, ensuring all aspects were carefully addressed.