Novozyme Industrial

$5,000,000 Industrial Loan from Credit Union

City: Louisburg, NC
Loan amount: $5,000,000
Lender type: Credit Union
Property type: Industrial
Size: 195,000 SF

Transaction description

Trevor Blood and Seth Ludwick of PSRS arranged the $5 million finance of an industrial property in Louisburg, North Carolina. The subject property is a 195,000-square-foot, single-tenant industrial warehouse built in 1975. Situated on a 15.93-acre lot size, the warehouse has a 24-foot clear ceiling height and various amenities like 24-hour access, freezer, cooler, and storage space. Financed with credit union execution, PSRS provided its borrower with a seven-year loan term and then a rate reset. The borrower benefited greatly from having zero prepayment penalty on this loan.




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