facebook

traded

+ Submit
Home

/

Deals

/

Dc

/

Office

/

Loan

/

322 40th St NE, Washington,...

Goldman Sachs Urban Investment Group Secures $105M Loan In Washington
FINANCEDOffice

Goldman Sachs Urban Investment Group Secures $105M Loan In Washington

322 40th St NE, Washington, DC, 20019

$105,000,000

Building Size

Asset Type

Office

Closing

May 6, 2021

AI

The property asset involved in the deal is an Office located at 322 40th St NE, Washington, DC, 20019. The transaction, which took place in Washington, involved a loan amount of $105,000,000.00 secured for the property by the borrower, Goldman Sachs Urban Investment Group, from the lender, J.P. Morgan Chase & Company.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $105,000,000.00
  • Address: 322 40th St NE, Washington, DC, 20019
  • Market: Washington
  • Borrower's Representative: Nicco Lupo(JLL), Roland Merchant, Jr(CBRE), Thomas Pryor(JLL)
  • Borrower: Goldman Sachs Urban Investment Group
  • Lender: J.P. Morgan Chase & Company

The deal involved key individuals and companies such as the borrower's representatives Nicco Lupo from JLL, Roland Merchant, Jr from CBRE, and Thomas Pryor from JLL. The borrower in this transaction was the Goldman Sachs Urban Investment Group, securing a loan from the lender, J.P. Morgan Chase & Company.

Players

Thomas Pryor

JLL

Broker

$371M

vol

5 deals

Broker
J.P. Morgan Chase
J.P. Morgan ChaseLender

Washington 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

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93