Permanent Loan - Refinance$36,000,000
Class A Industrial Portfolio
Axiom Capital Corporation announces the closing of a $36,000,000 permanent loan for the refinance of a Class A Industrial portfolio located in in the City of Concord, Cabarrus County, North Carolina (a Charlotte suburb). The subject is strategically situated in an expanding industrial corridor adjacent to the Concord Regional Airport, a city-owned public-use airport, just 12 miles from downtown Charlotte, the 23rd largest metropolitan area in the United States. The industrial corridor of Derita Road off of I-85 is becoming a favorite of Bulk Distribution tenants and operators. A newly-built I-85 interchange, along with the widening of Derita Road from two lanes to four lanes, is accelerating the pace of growth in the submarket. The airport is a favorite of flyers destined for the Charlotte Motor Speedway – both as spectators and competitors – and is becoming a popular point of distribution with shippers and retailers, such as Amazon.com.