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:
- Property Type: Office
- Transaction Amount: $132,500,000
- Lender: Urban Standard Capital
- Landlord: A.M. Property Corporation & Northeast Capital Group
- Broker: Christopher Kramer - Newmark
- Loan Type: Refinance
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
Stamford Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
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