RealtyLink Secures $28.5M Construction Loan From First National Bank For Speedway Business & Technology Park
Calhoun Memorial Highway
$28,500,000
$85/SF
Building Size
335,000 SF
Asset Type
Industrial
Closing
May 22, 2025
AI
The asset involved in the transaction is an industrial property located in Easley, SC, known as the Speedway Business & Technology Park. This property encompasses 335,000 square feet and is situated on 600 acres of land. The transaction was facilitated through a construction loan amounting to $28,500,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $28,500,000
- Loan Type: Construction
- Lender: First National Bank
- Landlord: RealtyLink
- Date: 05/22/2025
RL Capital played a significant role in arranging the construction loan from First National Bank for RealtyLink, supporting the development of the Speedway Business & Technology Park in Easley, SC.
Players
Easley 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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93