Cousins Properties Acquires Two Newly-created Mezzanine Loans From The Existing Lender
Portfolio Pulse from Benzinga Newsdesk
Cousins Properties has acquired two newly-created mezzanine loans from the existing lender with an initial commitment of $27.2 million and a potential total commitment of $37.0 million. The loans have initial maturity dates of June 2025 and February 2026, and carry a current weighted average interest rate of SOFR plus 866 basis points.

July 25, 2024 | 8:15 pm
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Cousins Properties has acquired two mezzanine loans with an initial commitment of $27.2 million and a potential total commitment of $37.0 million. The loans mature in 2025 and 2026, with a current weighted average interest rate of SOFR plus 866 basis points.
The acquisition of mezzanine loans indicates a strategic investment by Cousins Properties, potentially enhancing their asset portfolio and future revenue streams. The favorable interest rate terms could also positively impact their financial performance.
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