Kentucky industrial is anchored by two of the most important air-freight nodes in the world. The air cargo hub at Louisville Muhammad Ali International Airport (SDF) is the largest fully automated package-handling facility in the world and processed roughly 2.5 million metric tons of cargo in 2024 (SDF airport statistics, 2025), making Louisville one of the top three U.S. cargo airports. Cincinnati / Northern Kentucky International Airport (CVG) hosts a global express carrier's Americas hub and ranks in the top ten U.S. cargo airports by tonnage (FAA, 2025). The two air-freight nodes plus a strong automotive manufacturing base anchor sustained industrial demand.
Active capital sources
- Life Companies
- CMBS Lenders
- Ohio Valley Regional Banks
- National Debt Funds
Loan programs we place
- Bulk Distribution Perm Debt
- Air-Freight-Adjacent Acquisition Capital
- Build-to-Suit Construction-to-Perm
- Industrial Refinance
Frequently asked questions
What LTV is realistic on Louisville industrial?
Stabilized institutional bulk distribution near the SDF air cargo hub typically clears 60% to 70% LTV through life companies and CMBS; debt yields of 8.5% to 10.0% effectively size most highly leveraged executions in the current market .
Is air-cargo-hub adjacency a tangible lender pricing factor?
Yes, proximity to the air cargo hubs at SDF and CVG supports a deeper bid pool and tighter spreads on otherwise comparable buildings, particularly for assets serving air-freight forwarders, e-commerce fulfillment, and time-definite logistics tenants. The pricing differential versus comparable non-air-cargo-adjacent product is meaningful and measurable.
Are Lexington and the bourbon-belt submarkets supportable?
Yes for solid product. Lexington supports active regional bank and agency competition for institutional industrial; bourbon-warehouse and barrel-aging facilities are a specialized sub-asset class with a narrower but real lender pool focused on the underlying distillery operating credit and the long aging-cycle inventory dynamics that distinguish the asset class.
Are construction loans available for build-to-suit fulfillment product?
Yes, construction-to-perm executions for air-cargo-adjacent build-to-suit product draw competitive bidding from regional banks and a focused subset of national debt funds. Required equity is typically in the 25% to 35% range and partial recourse during construction is standard, burning off at stabilization. Long-WALT credit-tenant net-leased takeout through CMBS or life companies is the typical exit. Sponsor relationship with one of the Ohio Valley regional banks is frequently the difference between a competitive construction-loan execution and a more expensive debt-fund quote on otherwise comparable Louisville or Northern Kentucky build-to-suit product.