Aline Capital is pleased to announce the acquisition of an 80,500 SF industrial facility in High Point, NC. Partnering with a repeat Sponsor, Aline was able to structure acquisition and construction financing for the asset, which was almost fully vacant at close. We were able to fund 70% of cost on the asset with interest only for the construction period and a 25-year am as the work was done. Navigating an environmental issue and a rising rate environment was complex enough and were thankful for our credit partner who staying in the deal during a long process. As they say, “Money is made on the buy” and we can’t wait to see what happens here! Congrats to all involved!
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