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DL Properties Secures $63 Million Loan From Goldman Sachs For Central Arts Plaza In Phoenix
FINANCED
$63,000,000
Arizona
See Similar DealsOffice485,687 SF
Financed 11/26/2025
FINANCED
DL Properties Secures $63 Million Loan From Goldman Sachs For Central Arts Plaza In Phoenix
1850 North Central Avenue
See Similar DealsOffice485,687 SF
Financed 11/26/2025
Summary
ARIZONA
Asset Type:Office
Price Per Square Foot:$129
Total Square Footage:485,687 SF
Transaction Type:Loan
Central Arts Plaza, located at 1850 North Central Avenue in Phoenix, AZ, is an office property featuring a total square footage of 485,687. The property has secured a loan amounting to $63 million through a deal with Goldman Sachs.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $63,000,000
- Lender: Goldman Sachs
- Landlord: DL Properties
DL Properties has facilitated this financial arrangement, highlighting their role in the real estate market. Goldman Sachs originated the loan for this office tower, showcasing their involvement in the financing of commercial real estate projects.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$63,000,000.00
Monthly NOI$420,000.00
Monthly Debt Service$398,202.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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