Closed: March 2016
Loan needed to acquire 175,000 SF industrial facility and develop 220,000 SF of warehouse on the adjacent 50 acres for the intended use of a film production space.
52.54 acres of land located in East Atlanta close to Hartsfield-Jackson Atlanta International Airport and the Atlanta CBD.
Nine sound stages with 50 foot clear heights, dock doors, and HVAC were built totaling a 220,000 SF which leased around $50 PSF.
Collateral valued at $17MM as warehouse space based on comparable sales of vacant industrial space in the market.
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