Tennessee Valley Technology Center
4.1%, Non-recourse, 10-year fixed, 1 year I/O
StackSource closed an acquisition loan for this 110,901 sq ft class A office building located in Chattanooga, TN. Capital Advisor, Andrew Bouton, was able to negotiate a 4.10% ten (10) year fixed rate, with 1 year of I/O and a 30 year amortization for this Georgia based CRE holding company.
The State of Tennessee, who occupies 58% of the building, has four mission critical divisions on site: Department of Finance and Administration, Department of Environment & Conservation, Department of Health, and the Department of Revenue. With a credit tenant occupying the majority of this property and 99% occupancy overall, the investor is well positioned to increase cash flow over the 10 year term of the loan.
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