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Hines Secures $151 Million Permanent Loan From Truist Bank For Birkdale Village In Huntersville NC
FINANCED
$151,000,000
North Carolina
See Similar DealsOffice234,418 SF
Financed 12/29/2025
FINANCED
Hines Secures $151 Million Permanent Loan From Truist Bank For Birkdale Village In Huntersville NC
8712 Lindholm Drive
See Similar DealsOffice234,418 SF
Financed 12/29/2025
Summary
NORTH CAROLINA
Asset Type:Office
Price Per Square Foot:$644
Total Square Footage:234,418 SF
Transaction Type:Loan
The asset involved in the transaction is an office property located at 8712 Lindholm Drive in Huntersville, NC. The facility encompasses a total area of 234,418 square feet and is positioned in a market that includes significant retail tenants such as Sephora and Starbucks. This property was recently secured by Hines for a purchase price of $273.9 million and underwent renovations in 2020.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $151,000,000
- Loan Type: Permanent Loan
- Lender: Truist Bank
- Landlord: Hines
Hines engaged in a financing deal with Truist Bank to secure the permanent loan for the property. The seller, who remains as the property manager, plays a continuing role in the management of the asset following its acquisition.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$151,000,000.00
Monthly NOI$1,006,666.67
Monthly Debt Service$954,422.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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