$17,000,000 – 2.92% 15 Year Fixed Rate – Whole Foods, New Orleans, LA

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$17,000,000

Fixed Rate 2.92%

Locked at Application

15 year term / 25 year amortization

Non Recourse

DETAILS:

As rates dropped during Covid, client wanted to lock in a very long term fixed rate in order to fix their cost of debt taking advantage of today’s situation. Banyan provided the client with two options, this one and a 25 year fixed rate term as well (same interest rate). 

Dan Bockstoce – db@banyancc.com

Michael Brown – mb@banyancc.com