Southeast Regional Office
Charlotte, North Carolina
NYL is delighted to extend its lending relationship with Preferred Office Properties on two of the best office buildings in the MSA. Capitol Towers are high quality buildings with an excellent rent roll and are an attractive addition to our loan portfolio.”
—Rob Boyd, Senior Director
- An 18 year fixed rate term is indicative of NYL’s flexibility and satisfied the sponsor’s desire to have the financing term exceed the lease terms of the key tenants at the property
- Capitol Towers is located at the center of the upscale SouthPark neighborhood of Charlotte which features an attractive mix of offices, retail and restaurants, and high-quality housing
Source: REI Southeast Regional Office, April 2019.