Tim Bishop Of Iconic Equities Secures $39M Refinance Loan From Synovus For Industrial Asset
FINANCED
$39,000,000
South Carolina
See Similar DealsIndustrial621,000 SF
Financed 10/10/2025
FINANCED
Tim Bishop Of Iconic Equities Secures $39M Refinance Loan From Synovus For Industrial Asset
158 Jedburg Road
See Similar DealsIndustrial621,000 SF
Financed 10/10/2025
Summary
SOUTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$62
Total Square Footage:621,000 SF
Transaction Type:Loan
The property asset involved in this transaction is an industrial facility located at 158 Jedburg Road in Summerville, with a total square footage of 621,000. The refinancing for this asset amounted to $39,000,000, facilitated by Synovus for a loan term of 5 years.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $39,000,000
- Loan Type: Refinance
- Loan Terms: 5 years
- Lender: Synovus
- Landlord: Tim Bishop - Iconic Equities
- Additional Representative: Trinity Capital Advisors
Tim Bishop, representing Iconic Equities, is the landlord in this transaction. The refinancing deal was arranged by Synovus to support the holdings overseen by Trinity Capital Advisors, which also plays a role in the financial structuring of the asset.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$39,000,000.00
Monthly NOI$260,000.00
Monthly Debt Service$246,506.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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