New Bern Industrial

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$2,200,000 Industrial Loan from Life Insurance Company

City: Raleigh, NC
Loan amount: $2,200,000
Lender type: Life Insurance Company
Property type: Industrial
Size: 20,050 SF

Transaction description

Trevor Blood of PSRS arranged the $2.2 million refinance of a 20,050 SF industrial property in Raleigh, North Carolina. Coming off a floating rate loan, the borrower wanted to have a fixed rate loan with proceeds over and above their current debt. Local lenders came up short and the borrowers benefitted from one of our correspondent life insurance company’s abilities to execute on a 25-year loan, serviced by PSRS.

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