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Brookfield Property Partners Secures $505.6M Loan For Mountain View Office Building

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FINANCED
$505,600,000

California

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Office653,400 SF
Financed 03/31/2021
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Property Image
FINANCED

Brookfield Property Partners Secures $505.6M Loan For Mountain View Office Building

645 San Antonio Road, Mountain View, CA, USA

See Similar Deals
Office653,400 SF
Financed 03/31/2021
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$773
Total Square Footage:653,400 SF
Transaction Type:Loan

The property involved in the transaction is an office located at 645 San Antonio Road in Mountain View. The transaction took place on 03/31/2021. The property covers an area of 15 acres.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $505,600,000
  • Address: 645 San Antonio Road
  • Market: Mountain View

The loan for this transaction was provided by Goldman Sachs, Société Générale, and Credit Suisse. The loan amount is $505,600,000, and it has a term of two years with interest-only payments.

The landlords involved in this transaction are Brian Kingston and Bruce Flatt from Brookfield Property Partners.

Players

Brian Kingston
44 deals$7.7B volume
BROKER

Societe Generale
LENDER


Details

FINANCED
IMAGE: Brian Kingston & Bruce Flatt DATE: 03/31/2021 ADDRESS: 645 San Antonio Road MARKET: Mountain View ASSET TYPE: Office LENDER: Goldman Sachs, Société Générale & Credit Suisse LANDLORD: Brian Kingston & Bruce Flatt - Brookfield Property Partners LOAN AMOUNT: $505,600,000 ACRES: 15 TERM: Two-year, Interest-only

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$505,600,000.00

Monthly NOI$3,370,666.67
Monthly Debt Service$3,195,735.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00