
IPA Arranges $11.5M Financing for Alabama Class A Office
Institutional Property Advisors has announced the financing of a Class A, four-story office property located at 200 Wildwood Parkway in Homewood, AL.
Jordan Ray, executive managing director, capital markets in IPA’s Los Angeles office, and James Matheny and Rachael Krawiecki in IPA’s Manhattan office secured the $11.5 million refinancing.
“Financing office deals remains a challenge in the current environment,” said Ray. “Through our marketing process, we were able to structure a fixed-rate permanent loan with interest only payments and prepayment flexibility that met our client’s needs.”
The four-story property sits on more than 21 acres outside of Birmingham. Building tenants include Wells Fargo, Coca-Cola, Truckworx, SEES and Children’s Hospital of Alabama.
- ◦Financing