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Alpine Income Property Trust为佐治亚州零售开发提供3200万美元贷款
2026-03-05 20:25
- Alpine Income Property Trust (PINE) announced a $32M first mortgage loan investment, with $8.6M funded at closing.
- The 24-month loan carries a 13% interest rate (including 1.5% paid-in-kind interest), stepping down to 11.50% current pay upon the borrower’s satisfaction of certain conditions.
- The loan will finance development of an 11-acre, 101,000-sq-ft retail center with national investment-grade tenants and three outparcels. The retail center will also include a 128,500-sq-ft Target store currently in development.
- The development is located within the 180-acre Covington Town Center master plan in Newton County, Georgia, ~35 miles from Atlanta and Hartsfield-Jackson International Airport.
More on Alpine Income Property Trust
- Alpine Income: 5.3% Dividend Hike And Dual Beats Support Ongoing Rally
- Alpine Income Property Trust: The Train Hasn't Left The Station Yet
- Alpine Income Property Trust: Reliable Dividend Income With Solid Upside Potential
- Alpine Income Property Trust outlines AFFO guidance of $2.09-$2.13 per share for 2026 while targeting 20% loan portfolio allocation
- Alpine Income Property Trust raises dividend by 5.3% to $0.30
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