Chicago, Illinois – NXT Capital announced today that it closed a $19.2 million loan to refinance Sugarloaf VI & VII, two three-story, Class A- office buildings with over 160,000 square feet located in Duluth, Georgia.
Sugarloaf VI & VII is located approximately one and a half miles northwest of Interstate 85 and 28 miles northeast of the Atlanta central business district. Property amenities include large first floor elevator lobbies, availability to provide direct exterior-controlled access to first floor suites and outdoor greenspace.
C.J. Kelly of CBRE in Atlanta placed the loan with NXT Capital.
NXT Capital’s Real Estate Finance group primarily serves experienced real estate investors. It provides non-recourse floating rate first mortgages of $15 million to $75 million on value-add transactions. NXT Capital provides structured financing solutions through its Real Estate Finance and Corporate Finance groups, originating transactions on a national basis. Lending/financing services provided by NXT Capital, LLC. Loans will be arranged or made pursuant to a California Financing Law License.