R&B Realty Group Refinances Jacksonville Office Building On Southpoint Pkwy For $27.2M With Natixis Loan
FINANCED
$27,225,000
Florida
See Similar DealsOffice268,000 SF
Financed 10/05/2021
FINANCED
R&B Realty Group Refinances Jacksonville Office Building On Southpoint Pkwy For $27.2M With Natixis Loan
6410 Southpoint Pkwy, Jacksonville, FL, USA
See Similar DealsOffice268,000 SF
Financed 10/05/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$101
Total Square Footage:268,000 SF
Transaction Type:Loan
Located at 6410-6440 Southpoint Pkwy in Jacksonville, this office property spans over 268,000 square feet. The asset was involved in a recent transaction for a refinance loan.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $27,225,000
- Address: 6410-6440 Southpoint Pkwy, Jacksonville
- Market: Jacksonville
- Lender: natixis''>Natixis
- Landlord: R&B Realty Group, LLC
The loan was secured from Natixis for the amount of $27,225,000. The property is owned by R&B Realty Group, LLC. The transaction was facilitated by Adrian Edery from Paradigm Commercial Real Estate LLC.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$27,225,000.00
Monthly NOI$181,500.00
Monthly Debt Service$172,080.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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