Barings has originated an $81 million floating-rate bridge loan to support the acquisition and repositioning of 440 South Church, a 15-story Class A office tower located in Uptown Charlotte. The loan was provided to a joint venture between Town Lane and Trinity Capital Advisors and represents a significant new real estate debt commitment for one of the world’s largest diversified real estate investment managers.
The property spans 388,657 square feet and sits in Charlotte’s Third Ward within walking distance of Bank of America Stadium, Truist Field, and numerous amenities, dining options, and entertainment venues. The tower includes ground-floor retail, a fitness center, a conference center, and structured parking for 450 vehicles. It also carries a LEED Silver certification and benefits from strong walkability and transit access.
Town Lane is participating in the acquisition through its $1.25 billion fully discretionary closed-end fund, which invests across various asset classes. The transaction represents the firm’s second office acquisition since launching the fund in 2024. Trinity Capital Advisors originally developed and managed 440 South Church, giving the partnership long-standing familiarity with the asset. CBRE advised the sponsors on the financing process.
Barings noted that the transaction aligns with the growth of its real estate debt platform, which uses its direct origination capabilities and credit expertise to invest in loans secured by institutional-quality commercial real estate across global markets.
Barings Real Estate operates as part of Barings and invests across every primary property sector while offering a broad range of financing solutions to real estate borrowers. Barings manages more than $470 billion in assets for institutional, insurance, and intermediary clients through a mix of public and private market strategies. The firm is a subsidiary of MassMutual.
KEY QUOTES:
“We are pleased to support Town Lane and Trinity Capital Advisors, both highly experienced sponsors with deep familiarity and operational insight into 440 South Church. This investment reflects our conviction in Charlotte’s rebounding office market and the long term value creation potential of well located high quality assets. The property’s proximity to major employers, vibrant amenities and strong transportation connectivity positions it for success as the market continues to recover.”
Ryan Naumes, Managing Director, Barings
