Strategic Data Center Fund Manager has secured a revolving line of credit that converts into a permanent loan from Sunflower Bank.
“We are excited about the opportunities within the data center real estate sector, and we look forward to supporting Strategic Data Center as they continue to grow their business over time,” added Brian Walsh, executive vice president of Sunflower Bank.
The credit facility will initially provide the ability to borrow up to $25 million. Over time, and subject to certain conditions, Strategic Data Center anticipates increasing the size of the facility to aggregate commitments of up to as much as $200 million. The company believes the credit line will significantly enhance its ability to continue acquiring and developing a diversified portfolio of data center real estate assets within the United States.
Sunflower Bank expedited the close of the first $25 million of the line of credit to help facilitate the acquisition of a data cent
