Allen Morris secures $113.7M refinancing from Banco Inbursa for Star Metals Offices
What's the deal? The Allen Morris CompanyDealroom has a profile for this one. Try Dealroom → has closed a $113.7 million refinancing loan from Mexico-based Banco InbursaDealroom has a profile for this one. Try Dealroom → for Star Metals Offices, a 15-story, 267,000-square-foot Class A office tower in Atlanta's West Midtown neighbourhood. The deal retires an existing construction loan previously held by Bank OZKDealroom has a profile for this one. Try Dealroom → and Barings.
The building is 97% leased and sits at the centre of Allen Morris's $1.5 billion Star Metals District, a mixed-use development spanning offices, luxury residential, a hotel, and more than 100,000 square feet of retail and restaurant space. Tenants include Nike, which uses it as a regional technology hub, along with sales platform Outreach, PrizePicks, and others.
"This refinancing is a testament to the quality and curation of what we have built at Star Metals Offices," said Spencer Morris, president of Allen Morris Co. "The project is nearly fully leased and has dramatically outperformed the market on both rate and absorption."
Why now? Banco Inbursa — the banking arm of Mexican billionaire Carlos Slim's Grupo CarsoDealroom has a profile for this one. Try Dealroom → — has committed over $5 billion in US real estate financing across Florida, New York, Pennsylvania, Arizona, California, and Georgia. Its growing appetite for American commercial property made it a natural refinancing partner for a nearly fully occupied trophy asset.
The timing also reflects broader momentum in Atlanta's West Midtown submarket, where the Star Metals District has helped catalyse a wave of new investment.
What could go wrong? Office markets remain uneven across the US, and a 97% occupancy rate — while impressive today — depends on tenant retention as leases roll over. Any slowdown in Atlanta's tech and creative sectors could soften demand.
Reliance on a single foreign lender also carries currency and regulatory risk, though Banco Inbursa's deep US track record mitigates that concern.
The signal: With over $5 billion committed to US real estate financing, Banco Inbursa is quietly becoming one of the most active foreign lenders in American commercial property at a time when many domestic banks are pulling back from office exposure. That a Mexican institution is stepping in to refinance a nearly fully leased Atlanta tower illustrates how international capital is reshaping the US lending landscape — and how design-forward, mixed-use projects like the $1.5 billion Star Metals District are proving far more financeable than conventional standalone office buildings.
Read more: metroatlantaceo.com
