Cushman & Wakefield Brokers Secure $46.3M Loan For Hollywood Blvd Office Acquisition
FINANCED
$46,300,000
Florida
See Similar DealsOffice250,000 SF
Financed 08/27/2021
FINANCED
Cushman & Wakefield Brokers Secure $46.3M Loan For Hollywood Blvd Office Acquisition
3440 Hollywood Blvd, Hollywood, Florida, USA
See Similar DealsOffice250,000 SF
Financed 08/27/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$185
Total Square Footage:250,000 SF
Transaction Type:Loan
The property involved in this closed transaction is an office building located at 3440 Hollywood Blvd in Hollywood, FL. The transaction took place on August 27, 2021. The property has a total square footage of 250,000.
Summary of transation details
- Property Type: Office
- Transaction Amount: $46,300,000
- Lender: Argentic
- Landlord: Fox Ridge Capital, TKF Real Estate & Jax Capital Investments
- Brokers: Jason Hochman & Ron Granite - Cushman & Wakefield
The lenders for this transaction were Argentic. The landlords involved in the deal were Fox Ridge Capital, TKF Real Estate, and Jax Capital Investments. The brokers representing the transaction were Jason Hochman and Ron Granite from Cushman & Wakefield.
Players
BROKERAGE
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$46,300,000.00
Monthly NOI$308,666.67
Monthly Debt Service$292,647.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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