Southeast Regional Office
Ballantyne Corporate Park
New York Life and our co-lender provided a long-term fixed-rate structure which eliminated interest rate risk for the borrower and simultaneously offered the flexibility needed for the borrower to fulfill its business plan.
—Robert Boyd, Senior Director
- Acquisition financing for 10 Class A suburban office buildings containing over 1.5 million square feet
- 12-year term
- Desirable location provides convenient access to abundant shopping, hotels, event space, and recreation
- New York Life served as the lead lender in the $310MM pari passu first mortgage loan
Source: REI Southeast Regional Office, March 2017.