Standard Insurance Company Provides $14.5M Loan To American Asset Corp For Office Refinancing In Raleigh

An office building located at 8081 Arco Corporate Drive encompasses 123,351 square feet and is situated in Raleigh’s Brier Creek Corporate Center. The property was refinanced with a loan amount of $14,500,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $14,500,000
• Market: Raleigh, NC
• Lender: Standard Insurance Company
• Landlord: American Asset Corp
• Loan Type: Refinance

The refinancing transaction involved Standard Insurance Company providing the loan to American Asset Corp, who owns the property. This arrangement highlights the engagement of both the lender and the landlord in facilitating the financial update for the asset.