Mobile Infrastructure closes $100 million asset-backed securitization

Mobile Infrastructure Corporation (NASDAQ: BEEP) completed a $100 million asset-backed securitization facility secured by 19 of its parking assets, according to a company statement.

The notes received a BBB private letter rating and priced at a stated interest rate of 4.15%, excluding the original issue discount. The securitization has an effective loan-to-value ratio of 39% and includes a legal maturity of 30 years with an expected repayment term of five years.

The company plans to use approximately $84.4 million of the proceeds to repay near-term debt, extending expected maturities to 2030. The remaining funds will support asset rotation for strategic divestitures and capital redeployment.

"Achieving an investment grade rating underscores the strength and long-term value of our portfolio," said Stephanie Hogue, chief executive officer of Mobile Infrastructure Corporation. "By completing this transaction and refinancing legacy CMBS debt, we have strengthened our balance sheet."

Cantor Fitzgerald & Co. served as sole structuring advisor and sole placement agent for the transaction. Davis Polk & Wardwell LLP and Venable LLP acted as legal counsel for the company, while Orrick, Herrington & Sutcliffe LLP represented investors.

Mobile Infrastructure owns and operates parking facilities across the United States. As of September 30, 2025, the company owned 40 parking facilities in 20 markets with approximately 15,100 parking spaces and over 5 million square feet of real estate.

You May Also Be Interested In

• Triller to acquire SpaceX exposure as treasury asset via fund structure
• Anfield Energy releases PEA showing 106% IRR for uranium project
• ePlus adds HPE ProLiant server support to managed services lineup