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Chris Crosby Of Compass Datacenters Secures $326 Million Refinance From Wilmington Trust In Red Oak

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FINANCED
$326,000,000

Texas

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Industrial
Financed 10/29/2025
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Property Image
FINANCED

Chris Crosby Of Compass Datacenters Secures $326 Million Refinance From Wilmington Trust In Red Oak

Industrial
Financed 10/29/2025
the dealplayerscompscontact
Contact now

Summary

Asset Type:Industrial
Transaction Type:Loan

The property asset involved in the context is an industrial facility located in Red Oak, Texas. Compass Datacenters has secured a refinance loan amounting to $326 million, which is backed by five fully leased hyperscale data centers. These facilities have a combined capacity of 180 megawatts, situated on a 300-acre campus that has potential for expansion to 10 buildings as part of a larger partnership valued at $3 billion with Schneider Electric.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $326,000,000
  • Lender: Wilmington Trust & KeyBank
  • Landlord: Chris Crosby - Compass Datacenters
  • Loan Type: Refinance
  • Loan Terms: fixed-rate
  • Loan Maturity: 2050
  • Market: Red Oak

Chris Crosby represents Compass Datacenters in this refinancing transaction, with Wilmington Trust as the primary lender and KeyBank serving as the loan servicer for this significant financing arrangement.

Players

KeyBank
KeyBank
LENDER
Wilmington Trust
Wilmington Trust
LENDER

Details

FINANCED
IMAGE: Chris Crosby DATE: 10/29/2025 ADDRESS: MARKET: Red Oak ASSET TYPE: Industrial LENDER: Wilmington Trust & KeyBank (@KeyBank) LANDLORD: Chris Crosby - Compass Datacenters (@CompassDatacenters) LOAN AMOUNT: $326,000,000 LOAN TYPE: Refinance LOAN TERMS: fixed-rate NOTE: Compass Datacenters secured a $326 million refinancing from Wilmington Trust, with KeyBank as servicer, backed by five fully leased hyperscale data centers in Red Oak, Texas. The fixed-rate loan, maturing in 2050, supports facilities totaling 180 megawatts of capacity as part of a 300-acre campus that could expand to 10 buildings under Compass’s $3 billion partnership with Schneider Electric.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$326,000,000.00

Monthly NOI$2,173,333.33
Monthly Debt Service$2,060,541.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00