Preylock Real Estate Holdings has secured a $581M floating-rate, interest-only loan from Goldman Sachs to finance its 1.3B acquisition of a portfolio of eight recently built-to-suit warehouses that are leased by Amazon.
Last fall, Preylock and Bahrain-based GFH Financial Group announced the acquisition of 19 warehouses—all leased by Amazon—encompassing 11M SF in 15 states in a deal estimated to be worth a total of $3B.
According to a report from Moody's, the CMBS loan represents a consolidation of several loans Goldman Sachs issued to Preylock between August 2021 and March 2022.
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