$116M INDUSTRIAL PARK

$116M INDUSTRIAL PARK
$116M INDUSTRIAL PARK

$116M INDUSTRIAL PARK
$116M INDUSTRIAL PARK

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PROJECT INFO

$116,000,000 Total loan
$97,000,000 Debt
$19,000,000 Mezzanine
90% LTV Acquisition
75% Debt/ 15% Mezzanine
5.5% Hybrid Rate
San Antonio, Texas

PROJECT DETAILS

Client engaged V3 Lending to acquire a 90% LTV loan on the acquisition of a stablized industrial park in San Antonio, Texas. The client's model would only allow them for a 10% equity injection on the acquisition. V3 Lending was able to structure and arrange a 75% conventional first loan and hybrid it with a mezzanine loan to get the client the 90% LTC they were seeking.

Closed Transaction