AloStar funded three deals totaling $20.5 million through its commercial real estate platform. Details include:

AloStar provided a $9 million term loan to an affiliate of ColumbusNova. The loan will go toward the purchase of a 159, 810 square foot manufacturing facility in Mooresville, N.C. The property will be leased to a specialty beverage packaging company.

AloStar also provided a $7.3 million term loan to a joint venture between Trinity Capital Advisors and SilverCap Partners. The joint venture will use the proceeds to acquire and upgrade a 272, 396 square foot industrial building in Durham, N.C.

Additionally, AloStar funded a $4.2 million term loan to SunCap Opportunity Fund, a South Florida-based real estate investment company. The loan will allow SunCap to purchase Uptown Square, a 72, 277 square foot shopping in Fayetteville, Ga. anchored by a Goodwill and Harbor Freight Tools store.

“We’re thrilled to add to our growing real estate portfolio, and we couldn’t have picked better partners to work with than these three companies,” said David Hudson, managing director of AloStar Real Estate Finance.

AloStar offers needed capital and counsel to business leaders across America who are creating their own success stories. Businesses, community banks and individuals come to AloStar for correspondent services, retail banking, and capital requirements between $5 million and $20 million.