$2.0M Recapitalization

Transaction Overview

Senior cash-out refinance of a newly built truck and trailer parking yard, 95% leased in its first year. Seventeen banks passed on seasoning, so we relaunched into private credit and placed the first lien on a debt-free asset.

Financing Structure

The assignment was a senior cash-out refinance of a newly built, 188-stall truck and trailer parking yard in Pendergrass, Georgia. The asset was 95% leased in its first year and unencumbered at closing.

Execution

After seventeen banks passed on seasoning, the opportunity was relaunched into private credit, placing an interest-only first lien on the debt-free asset.