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Sound Point Capital Management Provides $41.5M Refinance Loan For Office Building In Greenwich, CT

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FINANCED
$41,470,000

Connecticut

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Office103,060 SF
Financed 11/04/2021
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Property Image
FINANCED

Sound Point Capital Management Provides $41.5M Refinance Loan For Office Building In Greenwich, CT

411 West Putnam Avenue, Greenwich, CT, USA

See Similar Deals
Office103,060 SF
Financed 11/04/2021
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Summary

CONNECTICUT
Asset Type:Office
Price Per Square Foot:$402
Total Square Footage:103,060 SF
Transaction Type:Loan

The office building located at 411 West Putnam Avenue in Greenwich, CT has recently undergone a refinancing transaction. The property spans a total of 103,060 square feet and is classified as an office space. The transaction involved Sound Point Capital Management, who provided a loan amount of $41,470,000 as part of the refinancing deal. The loan is a five-year, floating-rate loan.

Summary of Transaction Details:

In addition to the loan provider and property owner, the refinancing transaction was facilitated by Gideon Gil, Lauren Kaufman, and Sebastian Sanchez from Cushman & Wakefield and Mission Capital Advisors. These brokers played a crucial role in representing the parties involved in the deal, ensuring its successful completion.

Players

Lauren Kaufman
35 deals$5.4B volume(312) 470-1800
BROKER

Lauren Kaufman
JLL
35 deals$5.4B volume(312) 470-1800
BROKER

Gideon Gil
Cushman & Wakefield
48 deals$11.1B volume
BROKER

Sebastian Sanchez
Cushman & Wakefield
9 deals$862.6M volume
BROKER

Sound Point Capital Management
LENDER

Details

FINANCED
IMAGE: Gideon Gil, Lauren Kaufman & Sebastian Sanchez DATE: 11/04/2021 ADDRESS: 411 West Putnam Avenue MARKET: Greenwich, CT ASSET TYPE: Office ~ SF: 103,060 LENDER: Sound Point Capital Management LANDLORD: Acram Group BROKERS: Gideon Gil, Lauren Kaufman, & Sebastian Sanchez - Cushman & Wakefield, & Mission Capital Advisors LOAN AMOUNT: $41,470,000 LOAN TYPE: Refinance LOAN TERM: five-year, floating-rate loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$41,470,000.00

Monthly NOI$276,466.67
Monthly Debt Service$262,118.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00