Zions Bancorp Provides $85M Loan For Retail Property In Raleigh, NC

8181 Brier Creek Parkway Raleigh, North Carolina 27617, USA

$85,000,000

$163/SF

Building Size

519,277 SF

Asset Type

Retail

Closing

May 18, 2023

AI

The retail property located at 8181 Brier Creek Parkway in Raleigh, NC has been involved in a recent loan transaction. The property spans a total area of 519,277 square feet.

Summary of transaction details

Property Type: Retail
Loan Amount: $85,000,000
Lender: Zions Bancorp

Zions Bancorp provided a loan of $85,000,000 for the retail property at 8181 Brier Creek Parkway in Raleigh, NC.

Players

ZB

Zions BancorpLender

Raleigh Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.19%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93