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Ratkovich Company Secures $150M Loan For Alhambra Office Building

Property Image
FINANCED
$150,000,000

California

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Office355,000 SF
Financed 05/14/2019
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Property Image
FINANCED

Ratkovich Company Secures $150M Loan For Alhambra Office Building

1000 Fremont Ave, Alhambra, CA, USA

See Similar Deals
Office355,000 SF
Financed 05/14/2019
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$422
Total Square Footage:355,000 SF
Transaction Type:Loan

Located at 1000 Fremont Ave in Alhambra, this office property is owned by the Ratkovich Company. The property spans a total of 355,000 square feet and is situated in the Alhambra market.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $150,000,000
  • Lender: Wells Fargo
  • Landlord: Ratkovich Company
  • Loan Terms: 10-year fixed
  • Image: Wayne Ratkovich
  • Date: May 14, 2019

Wells Fargo provided a loan of $150,000,000 for the acquisition of this office property. The loan terms are set at 10 years fixed, providing a significant financial boost for the Ratkovich Company in their ownership of the asset. Wayne Ratkovich's image is associated with this transaction, further highlighting his involvement in the deal.

Players

Wells Fargo
Wells Fargo
LENDER
RC
Ratkovich Company
LANDLORD

Details

FINANCED
IMAGE: Wayne Ratkovich DATE: 05/14/2019 ADDRESS: 1000 Fremont Ave MARKET: Alhambra ASSET TYPE: Office LENDER: Wells Fargo LANDLORD: Ratkovich Company LOAN AMOUNT: $150,000,000 LOAN TERMS: 10y fixed SF: 355,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$150,000,000.00

Monthly NOI$1,000,000.00
Monthly Debt Service$948,102.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00