Tim Bishop Of Iconic Equities Secures $39M Refinance Loan From Synovus For Industrial Asset
158 Jedburg Road
$39,000,000
$62/SF
Building Size
621,000 SF
Asset Type
Industrial
Closing
Oct 10, 2025
AI
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.
Players
Summerville Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93