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
Washington Office Market Snapshot
Boundary boundary · Office · Loan transactions
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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