Updated Oct 29, 2024
Goldman Sachs Provides $250M Loan For Office Asset In Los Angeles, Dallas, And Tampa Bay
Dallas Street, Los Angeles, CA, USA
$250,000,000
$283/SF
Building Size
881,000 SF
Asset Type
Office
Closing
Jul 1, 2019
About this deal
AI
Goldman Sachs has provided a $250 million loan to JDM Capital for an office property transaction in Los Angeles, Dallas, and Tampa Bay. The loan terms include a 10-year fixed-rate with full-term interest only. The property spans 881,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $250,000,000
- Lender: Goldman Sachs
- Landlord: JDM Capital
- Brokers: Rob Rubano, Brian Share from Cushman & Wakefield
Rob Rubano and Brian Share from Cushman & Wakefield represented the parties involved in the deal.
Players
Los Angeles Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93