Ullico Refinances Delray Beach Office Building For $35M Loan
FINANCED
$35,000,000
Florida
See Similar DealsOffice48,077 SF
Financed 06/10/2022
FINANCED
Ullico Refinances Delray Beach Office Building For $35M Loan
110 East Atlantic Avenue, Delray Beach, Florida 33444, United States
See Similar DealsOffice48,077 SF
Financed 06/10/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$728
Total Square Footage:48,077 SF
Transaction Type:Loan
Ullico has provided a $35 million loan to refinance an office property located at 110 E. Atlantic Ave. in Delray Beach, FL. The asset has a total square footage of 48,077 and is owned by Menin Development.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $35,000,000
- Address: 110 E. Atlantic Ave., Delray Beach, FL
- Market: Delray Beach, FL
- Square Footage: 48,077 SF
- Lender: Ullico
- Landlord: Menin Development
The loan transaction was facilitated by Richard Horowitz & Justin Horowitz from Cooper Horowitz LLC.
Players
LANDLORD
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$35,000,000.00
Monthly NOI$233,333.33
Monthly Debt Service$221,223.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions