$16,140,000 | CIP Real Estate

1-cip-whitehall

Property: Whitehall Technology Center
Location: Charlotte, NC
Description: Two class A office/flex buildings totaling 204,800 square feet located in a 700-acre master-planned business park.
Loan Type: Bridge Acquisition Loan
Lender: Money Center Bank

Client Benefits:

  • Non-Recourse bank loan to limit sponsor’s risk
  • Low LIBOR floating rate to maximize cash flow
  • Interest only during full term to enhance the IRR
  • 4 Year loan term to maximize time to execute the value add strategy
  • Partial release provision to increase flexibility within the business plan