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200 Elm Street

Urban Standard Capital Provides $132.5 Million Refinance For Office Asset At 200 Elm Street
FINANCEDOffice

Urban Standard Capital Provides $132.5 Million Refinance For Office Asset At 200 Elm Street

200 Elm Street

$133,000,000

$238/SF

Building Size

558,000 SF

Asset Type

Office

Closing

Feb 26, 2025

AI

The property asset involved in the transaction is an office building located at 200 Elm Street in Stamford, CT. The asset spans 558,000 square feet and is part of a refinancing deal amounting to $132,500,000.

Summary of transaction details:

The financing package, totaling $133 million, was provided by Urban Standard Capital and Deutsche Bank to recapitalize the property. The package includes funds for Tenant Improvements and enhancements to building amenities. Urban Standard Capital prides itself on its capability in bespoke deal structuring to create tailored financing solutions for a variety of borrower needs.

Players

Christopher Kramer

Newmark

Broker

$23.3B

vol

118 deals

Broker
Urban Standard Capital
Urban Standard CapitalLender

Stamford 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

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93