Tennessee Valley Technology Center

Chattanooga
,
TN
4.1%, Non-recourse, 10-year fixed, 1 year I/O
Amount: $
11750000
Interest Rate: 
4.1
%

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.

Charitable Cause supported by 1% of StackSource's revenue on this transaction: