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RealtyLink Secures $28.5M Construction Loan From First National Bank For Speedway Business & Technology Park
FINANCED
$28,500,000
South Carolina
See Similar DealsIndustrial335,000 SF
Financed 05/22/2025
FINANCED
RealtyLink Secures $28.5M Construction Loan From First National Bank For Speedway Business & Technology Park
Calhoun Memorial Highway
See Similar DealsIndustrial335,000 SF
Financed 05/22/2025
Summary
SOUTH CAROLINA
Asset Type:Industrial
Price Per Square Foot:$85
Total Square Footage:335,000 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$28,500,000.00
Monthly NOI$190,000.00
Monthly Debt Service$180,139.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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