Shelbourne Global Refinances Office Building In Greenwich, CT With $23.5M Loan At 6.25% Fixed Rate
FINANCED
$23,500,000
Connecticut
See Similar DealsOffice134,500 SF
Financed 03/24/2023
FINANCED
Shelbourne Global Refinances Office Building In Greenwich, CT With $23.5M Loan At 6.25% Fixed Rate
777 West Putnam Avenue
See Similar DealsOffice134,500 SF
Financed 03/24/2023
Summary
CONNECTICUT
Asset Type:Office
Price Per Square Foot:$174
Total Square Footage:134,500 SF
Transaction Type:Loan
The office property located at 777 West Putnam Avenue in Greenwich, CT has undergone a loan transaction. The property spans a total area of 134,500 square feet and is owned by Shelbourne Global.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $23,500,000
- Loan Type: Refinance
- Loan Terms: 5yr Fixed at 6.25%, Leasehold Interest, Partial IO, No Lender fee Or Prepay
The loan was facilitated by Adrian Edery of Paradigm Commercial Real Estate. He served as the broker representing the parties involved in the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,500,000.00
Monthly NOI$156,666.67
Monthly Debt Service$148,535.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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