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

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.