Seven Hills Realty Trust Provides $24.8M Refinance Loan For Carlsbad Office Property
FINANCED
$24,800,000
California
See Similar DealsOffice98,000 SF
Financed 11/02/2021
FINANCED
Seven Hills Realty Trust Provides $24.8M Refinance Loan For Carlsbad Office Property
5910 Priestly Drive, Carlsbad, CA, USA
See Similar DealsOffice98,000 SF
Financed 11/02/2021
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$253
Total Square Footage:98,000 SF
Transaction Type:Loan
Located at 5910 Priestly Drive in Carlsbad, this office property spans approximately 98,000 square feet. The property was recently involved in a loan transaction.
Summary of transation details
- Property Type: Office
- Transaction Amount: $24,800,000
The lender in this transaction was Seven Hills Realty Trust, represented by Tom Lorenzini. The loan amount for this deal was $24,800,000, and it was classified as a refinance. The loan terms included a 3-year initial term, with two 1-year extension options.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,800,000.00
Monthly NOI$165,333.33
Monthly Debt Service$156,752.87
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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