Northeast Capital Group Acquires Office In Stamford, CT For $210M Loan
FINANCED
$210,000,000
+ 1
Connecticut
See Similar DealsOffice557,581 SF
Financed 12/01/2021
FINANCED
Northeast Capital Group Acquires Office In Stamford, CT For $210M Loan
695 East Main Street, Stamford, Connecticut 06901, United States
See Similar DealsOffice557,581 SF
Financed 12/01/2021
+ 1
Summary
CONNECTICUT
Asset Type:Office
Price Per Square Foot:$376
Total Square Footage:557,581 SF
Transaction Type:Loan
The recently closed property transaction involves an office building located at 695 Main Street and 200 Elm Street in Stamford, CT. This office property spans an impressive 557,581 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $210,000,000
- Address: 695 Main Street & 200 Elm Street, Stamford, CT
- Market: Stamford, CT
- Asset Size: 557,581 square feet
The landlord for this property is Northeast Capital Group. Representing the buyer, seller, landlord, or tenant on this deal were Morris Betesh, Jack McPhail, Jacob Schmuckler, and Israel Mermelstein from the Meridian Capital Group.
This transaction involved an acquisition loan of $210,000,000 to facilitate the purchase of the property.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$210,000,000.00
Monthly NOI$1,400,000.00
Monthly Debt Service$1,327,342.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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