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Longfellow Real Estate Partners Secures $113.6M Construction Loan For Emeryville Office Building

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FINANCED
$113,600,000

California

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Office200,000 SF
Financed 08/15/2022
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Property Image
FINANCED

Longfellow Real Estate Partners Secures $113.6M Construction Loan For Emeryville Office Building

1650 65th Street, Emeryville, California 94608, United States

See Similar Deals
Office200,000 SF
Financed 08/15/2022
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$568
Total Square Footage:200,000 SF
Transaction Type:Loan

The property involved in this closed transaction is an office located at 1650 65th Street in Emeryville. It spans across 200,000 square feet and is owned by Longfellow Real Estate Partners, represented by Adam Sichol.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $113,600,000
  • Address: 1650 65th Street
  • Market: Emeryville
  • Landlord: Longfellow Real Estate Partners - Adam Sichol
  • Loan Type: Construction

The loan obtained for this property amounted to $113,600,000 and is classified as a construction loan.

Details

FINANCED
IMAGE: Adam Sichol DATE: 08/15/2022 ADDRESS: 1650 65th Street MARKET: Emeryville ASSET TYPE: Office ~ SF: 200,000 LANDLORD: Longfellow Real Estate Partners - Adam Sichol LOAN AMOUNT: $113,600,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$113,600,000.00

Monthly NOI$757,333.33
Monthly Debt Service$718,029.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00